Biden to Ask Gulf Alliance to Boost Oil Production

Bloomberg Quicktake: Now published this video item, entitled “Biden to Ask Gulf Alliance to Boost Oil Production” – below is their description.

President Joe Biden said he’ll ask America’s allies in the Persian Gulf region to boost oil production when he meets with them during a trip to Saudi Arabia next month. He says his trip is not just about oil production, but it’s also about establishing peace in the region. He spoke to reporters at the NATO summit in Madrid.

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Bloomberg L.P. is a privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City.

It was founded by Michael Bloomberg in 1981, with the help of Thomas Secunda, Duncan MacMillan, Charles Zegar, and a 12% ownership investment by Merrill Lynch.

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In This Story: Saudi Arabia

Saudi Arabia, officially the Kingdom of Saudi Arabia, is a country in Western Asia constituting the bulk of the Arabian Peninsula.

Saudi Arabia also has one of the world’s youngest populations, with approximately 50 percent of its population of 34.2 million being under 25 years old.

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