OPEC+ to Reveal Whether Biden Succeeds in Quest for More Oil

Biden is expecting ‘further steps’ from group to cool prices
Saudis remain wary of pumping more amid recession risks

Citi's Morse Says Brent Will Continue 'Downward Drift' to Mid $80s

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By Grant Smith and Salma El Wardany

August 1, 2022 at 4:51 AM EDT

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Joe Biden took a political gamble with his visit to Saudi Arabia last month, courting a kingdom he once vowed to punish in a quest for more oil supplies. This week will reveal whether it paid off.

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