A handout photo of President Joe Biden (left) fist-bumping Saudi Crown Prince Mohammed bin Salman (right) as he arrived for a meeting with the controversial royal Friday evening in Jeddah, Saudi Arabia
Bloomberg: Biden Set to Leave Saudi Arabia With No Announcement on Oil
President Joe Biden will leave the Middle East this week with no public announcements on increasing oil supply, people familiar with the matter said.
Biden, who came to office vowing to turn the world’s biggest oil exporter into a “pariah” over the 2018 killing of Washington Post columnist Jamal Khashoggi, said he decided to make the trip to advance US interests and try and curb soaring gasoline prices, which have hurt him politically ahead of mid-term elections.
Biden heads to Saudi Arabia from Israel later on Friday, where he’ll meet with King Salman bin Abdulaziz and his son, Crown Prince Mohammed Bin Salman, the nation’s de-facto ruler. He will meet other leaders from the oil-exporting Persian Gulf on Saturday.
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WNU Editor: The markets are expecting no announcement on increased Saudi oil production .... Oil bounces as report dampens expectations for Saudi output rise after Biden visit (Market Watch).
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