Saudi and Abu Dhabi 'won't drop oil prices til US backs them in Yemen'
Mohammed bin Salman of Saudi Arabia and Sheikh Mohammed bin Zayed al Nahyan of the U.A.E. have both refused to speak to Joe Biden as the White House tries to find alternatives to Russian oil.
Joe Biden has in the past few weeks tried to speak to Mohammed bin Salman of Saudi Arabia and the U.A.E.'s Sheikh Mohammed bin Zayed al Nahyan
Both crown princes turned down the overtures from the White House, amid their simmering anger at the Biden administration
The Gulf leaders are angry by the White House's seeming failure to back them in their proxy war with Iran in Yemen, and concerned about a new nuclear deal
Saudi Arabia and the U.A.E. are the only major oil producing nations with sufficient capacity to compensate for the loss of Russian oil on global markets
Joe Biden on Tuesday announced that the U.S. would no longer buy Russian oil, which accounted for around 8 percent of their imports, or 672,000 barrels of oil and petroleum products a day
Canadian oil executives and politicians from Alberta, Canada's major oil producing region, are all arguing for the U.S. to buy more Canadian oil
They say it is a shame Biden immediately discarded plans for the Keystone XL pipeline, in the face of pressure from environmental groups
Yet Canada alone is not capable of making up the loss of Russian oil, as it already sends the vast majority of its exports to the U.S.
Biden has dispatched envoys to Venezuela, which has the world's largest oil reserves - angering pro-democracy activists, but securing the release on Tuesday of two US prisoners
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