why-biden’s-visit-to-saudi-arabia-is-unlikely-to-contribute-much-to-oil’s-price-decline

Why Biden’s visit to Saudi Arabia is unlikely to contribute much to oil’s price decline

President Joe Biden is in the Middle East late this week and the pressure is on for the U.S. to look to Saudi Arabia, the world’s largest oil exporter, for more barrels of oil.

Limits to oil production capacity, however, are likely to be a difficult obstacle to overcome, analysts said.

Biden is visiting the Middle East region from July 13…

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