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Biden seeks to persuade Saudi Arabia to pump more oil as prices soar

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Joe Biden will make his first visit as US president to Saudi Arabia on Friday, where he will seek to persuade Riyadh to pump more oil to bring down prices that are fuelling inflation to the highest levels in decades.

Prior to his election, Biden had vowed that Saudi should be a “pariah” state following the 2018 murder of dissident journalist Jamal Khashoggi, in a recalibration of relations with the oil-producing country that is a kingpin of the OPEC oil cartel.

However, since then, key crude producer Russia had invaded Ukraine, propelling oil prices to levels last seen during the 2008 global financial crisis.

That pushed US inflation to the highest rate in more than four decades — and this could yet persuade Biden to set aside human rights concerns before key US midterm elections in November, experts say.

“It highlights his desperation ahead of the midterms to at least be seen to be trying to alleviate the tightness in the market and bring prices back down,” OANDA analyst Craig Erlam told AFP.

“Desperate times call for desperate measures.”

OPEC deal expiring

Biden’s chances could be boosted by the looming expiry of a crucial deal among the wider so-called OPEC+ group to boost oil production.

OPEC+ comprises the 13-nation Organization of the Petroleum Exporting Countries led by Saudi Arabia and its 10 partners headed by Russia.

The group had previously slashed output in 2020, when demand was decimated by Covid pandemic lockdowns worldwide.

But since last year, countries have been gradually reopening the taps as economies rebound.

Last month, OPEC+ stuck to a previously agreed output hike, shrugging off calls for bigger increases to tame elevated prices.

The deal will soon run its course once OPEC+ returns to pre-pandemic production after August.

“The expiration of the OPEC+ deal in September does create an opportunity and perhaps (Biden) would not be making such a move if he had not been assured that something is possible,” said Erlam.

The grouping will hold its next production gathering in August.

Hopes dashed?

Yet Biden’s hopes for more oil could be dashed because elevated crude prices, despite recent losses, have energised state revenues and economies across the Middle East.

“It would be a massive surprise if Saudi Arabia produced more oil,” said independent analyst Stephen Innes.

Saudi Arabia’s oil-driven economy expanded by 9.6 percent in the first quarter, its strongest growth rate in a decade.

There is a “significant economic incentive to not increase production”, said XTB analyst Walid Koudmani.

Riyadh is already pumping close to maximum capacity.

In May, Saudi Foreign Minister Prince Faisal bin Farhan stated that the kingdom had “done what it could” for the oil market.

The industry needed to increase refining capacity instead of simply pumping more barrels of crude, he argued.

The Iran question

Iran is another major bone of contention between the United States and Saudi Arabia.

Riyadh is leading a fight against the Houthi rebels in Yemen, who are supported by Tehran.

Meanwhile, Washington wants to restore the Iran nuclear deal abandoned by Biden’s predecessor Donald Trump in 2018.

That could lead to the lifting of US economic sanctions on Iran — and pave the way for a return to the OPEC member’s full export capacity.

Chief negotiators from the US and Iran held indirect talks in Qatar in June, in a bid to revive the nuclear deal.

A nuclear deal “appeared to be within reach several times in the recent past, particularly after the start of the Russia-Ukraine conflict”, said analyst Koudmani.

“It has failed to gain any traction and would likely be passed up by the US if they were to receive assurances (of higher oil output) from Saudi Arabia after this visit from President Biden,” the expert concluded.

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12 killed in Afghanistan-Pakistan earthquake

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At least 12 people were killed in Afghanistan and Pakistan by a strong earthquake felt across thousands of kilometres, but the region appeared Wednesday to have dodged the mass casualties usually associated with a tremor of such scale.

The United States Geological Survey said the magnitude 6.5 quake was centred near Jurm in northeastern Afghanistan, but the depth of 187 kilometres (116 miles) mitigated extensive damage.

The quake, which struck around 09:30 pm Kabul time on Tuesday and lasted more than 30 seconds, was felt from central Asia to New Delhi in India — more than 2,000 km away.

“It was a powerful earthquake and we feared maximum damage due to the intensity — that’s why we issued an alert,” Bilal Faizi, a spokesman for Pakistan’s emergency Rescue 1122 service in Khyber Pakhtunkhwa, told AFP.

“But fortunately our fears proved wrong. Residents panicked due to the magnitude of the earthquake, but the damage was minimal.”

The region is frequently hit by quakes — especially in the Hindu Kush mountain range, which lies near the junction of the Eurasian and Indian tectonic plates.

– ‘Stayed awake’ all night –

In Jurm district, near the epicentre, a resident of one village reported no casualties despite the location.

“We are about 2,000 to 3,000 people in our village and we all spent the night outside under the sky,” said Inamullah, reached by phone.

“We were all scared and stayed awake the entire night.”

Panicked residents of cities and towns in Afghanistan and Pakistan also fled their homes to seek safety away from buildings — with many too scared to return.

“We stayed the night in our courtyard… it was cold outside, but we preferred to stay out rather than go back,” 24-year-old student Neda Raihan told AFP in Kabul.

Khudadad Heights, a vast multi-storey residential block in the Pakistan capital, was evacuated after huge cracks appeared in the building.

Over 55,000 people were killed by an earthquake that struck southeastern Turkey and parts of Syria last month, heightening fears across the region.

“The children started shouting that there is an earthquake. We all ran out. The horrors of the earthquake in Turkey and neighbouring countries had a strong effect on our nerves,” said Ikhlaq Kazmi, a retired professor in the Pakistani city of Rawalpindi.

Officials in Khyber Pakhtunkhwa province, north of the Pakistan capital, said nine people had been killed in the quake, including two women and two children.

– High alert –

In Afghanistan, officials reported three dead and 44 injured — but phone and internet links to remote parts of the country had been severed and communication patchy.

Government spokesman Zabihullah Mujahid said health centres across the country had been put on high alert.

In the Afghan capital Kabul, shopkeeper Noor Mohammad Hanifi set up tents in the street for his family to spend the night in.

“Nobody dares to go inside their homes,” Hanifi told AFP as his family, cloaked in blankets, took shelter.

In Afghanistan, many families were out of their homes celebrating Nowruz, the Persian New Year, when the quake struck.

“I heard people screaming and yelling as they came out in the streets,” said Masieh, who was outside with his family when the tremor hit.

“It’s possible that there could be another tremor so I’m still waiting outside.”

Those indoors also quickly left their houses and apartments.

“They just fled without wearing shoes, just carrying their children in their hands,” an AFP correspondent said.

Pakistan’s Prime Minister Shehbaz Sharif ordered the National Disaster Management Authority to be ready to deal with any emergency.

Last June more than 1,000 people were killed and tens of thousands made homeless after a 5.9-magnitude quake — the deadliest in Afghanistan in nearly a quarter of a century — struck the impoverished province of Paktika.

Afghanistan is in the grips of a humanitarian disaster made worse by the Taliban takeover of the country in August 2021.

International development funding on which the South Asian country relied dried up after the takeover and assets held abroad were frozen.

AFP

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Tragedy as grandmother sets son, wife, 2 grandchildren ablaze in Ondo

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A grandmother, identified as lforiti, has allegedly set her son, wife and two grandchildren ablaze in Apomu community, Akure, the Ondo state capital.

Sources said that the grandmother, who resides with his son in the same house, sets ablaze and complained that they starved her of food.

She reportedly set the house ablaze while the family members were asleep, killing three of them including her son, Victor; wife Racheal and one of the grandchildren while the other child is in critical condition at the Federal Medical Centre FMC, Owo.

Narrating the sad incident to newsmen, in Akure, an eyewitness, Korede Michael, said “we saw the house on fire around 2:00 am at the weekend and had to break the window to rescue everyone in the house.

“The woman, her son, Victor Oloro; wife, Rachael; and children, Toluwani and Blessing, were all in the house when the woman set it on fire. She got some dry palm fronds and the little petrol her son kept in a gallon (for generator), spread it around the house and then put fire to it.”

“I was the first person to notice the fire and jumped into the house before other members of the community joined me in rescuing them.

“We got a vehicle immediately to transport them to the government hospital in Akure.

“When we got to Akure (UNIMED annex), the doctors and nurses rejected the patients, saying they cannot take care of them due to the degree of the burn and advised that we take them to the Federal Medical Center in Owo.

“Unfortunately, we lost the last grandchild, who was just two and a half years old, immediately we got to Owo.

“The son and his wife, also, gave up the ghost while the only grandchild left is in a critical condition.”

Korede said that the suspect was not in any way affected by the fire.

” The children could not send the woman out of the house when she started behaving strangely because it was built by her late husband”.

Police sources said that the suspect confessed that she burnt her son and his family because they were starving her of food.

VANGUARD

 

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72-year-old woman dies after losing genitals to domestic worker

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A septuagenarian, Mrs Charity Okoli, whose genitals were cut by her domestic worker, Onyebuchi Ezeh, alongside two other fleeing suspects, has died.

PUNCH Metro reports the deceased, last week, had her breasts, finger, tongue and private part cut off by the three suspects allegedly for ritual purposes after they had allegedly raped her at her home, in Umunze, in the Orumba South Local Government Area of Anambra State.

She was later rescued by her neighbours and rushed to the Chukwuemeka Odumegwu Ojukwu University Teaching Hospital, Amaku Awka, where she was said to be recuperating until her death.

The prime suspect hails from Abakaliki, Ebonyi State.

 

Following the development, some women from the community on Tuesday, protested the death of the 72-year-old woman as they paralysed commercial and economic activities in the area while demanding the exit of all Abakaliki indigenes from their community.

The protesters wielding placards with various inscriptions and green leaves marched towards the Umunze Area Police Command headquarters, the palace of the community’s traditional ruler, Igwe Promise Eze, and the local government area as well as other relevant bodies.

Speaking to journalists, the spokesperson of the protesters, Mrs Enekwechi Bridget, said, “The entire Umunze community resolved to come together today for a peaceful protest because Abakaliki people resident in our community raped one of us in Ubaha village and cut off her tongue, one of her fingers, two nipples of her breasts and her private part.

“So, that is why we are here to complain to the transition committee chairman of the local government area so he can take our report to Awka, the state capital, for necessary action.

“We are demanding justice and that the suspects should face the full weight of the law because women are not supposed to face such torture and suffering in the hands of heartless criminal elements.”

The President-General of the Umunze Progressives Union, Chief Hippolite Olua, who also addressed the women, commended them for their peaceful conduct and urged them to go about their protest peacefully as their complaints would be given prompt attention by the police and other relevant authorities.

The traditional ruler of the Umunze community, Eze, in his reaction, lamented that his subjects have suffered so much at the hands of non-indigenes.

The monarch, however, urged the people of the community to remain calm as police and leaders of the community are working round the clock to ensure that justice is done at the end of the day.

“I have told the police command that the suspect must be charged to court for murder and they have assured me that the matter would not be swept under the carpet. I have instructed the youth to exercise restraint while awaiting the outcome of the case,” he added.

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