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US not expecting immediate Saudi oil production increase

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Al-Araby

The United States is not expecting Saudi Arabia to immediately boost oil production and is eyeing the outcome of the next OPEC+ meeting on 3 August, the US national security adviser said on Friday, lowering expectations as American President Joe Biden visits the kingdom. “I don’t think you should expect a particular announcement here bilaterally because we believe any further action taken to ensure that there is sufficient energy to protect the health of the global economy, it will be done in the context of OPEC+,” Jake Sullivan said. Biden landed in Jeddah on Friday on a trip that is designed…

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