The United States believes that OPEC countries have the opportunity to increase oil production, and expect them to take new steps in this direction in the coming weeks, said Amos Hochstein, an adviser to the State Department for energy security, who accompanied Joe Biden on a trip to the Middle East, CBS reports..
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However, the Saudi foreign minister said that oil was not discussed at the US-Arab summit on Saturday.. He said OPEC+ will continue to assess market conditions and do what is necessary. The next meeting of OPEC +, which also includes Russia, will be held on August 3.
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Earlier it was reported that Biden failed to provide serious commitments on security and oil at the Arab summit.. The visit of the US leader was not as successful as he would like.