Biden to leave Saudi Arabia with no Oil Announcement?
US President Joe Biden will likely leave the Middle East this week with no announcements on increasing oil supply. Biden 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. According to US national security advisor Sullivan, the US president was confident he would make progress with Saudi and other Gulf leaders on guaranteeing a “sustainable” level of energy production from the region. He hasn’t promised immediate results, however. OPEC+ next meeting to discuss its production policy for the fall is scheduled for Aug. 3.