Macron is overheard warning Biden over oil shortages at G7

Emmanuel Macron has been caught telling Joe Biden that their Middle Eastern allies cannot increase oil production as the EU tries to replace Russian crude that it has vowed to ban by the end of the year.

The French President, speaking to his US counterpart on the sidelines of the G7 summit in Germany on Monday evening, warned the UAE and Saudi Arabia are close to capacity and are unable to make up the shortfall.

His words will raise fears that shortages which have led to high petrol and energy costs may be here to stay, and may get worse as Europe’s ban on most Russian oil products kicks in by the end of the year – with gas sanctions to follow.

Macron was caught on camera warning Biden that the UAE and Saudi Arabia are unable to fill quotas of Russia oil that will be banned from…

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