Saudis Say Oil Decisions Are for OPEC+ as Biden Leaves Kingdom

Saudis Say Oil Decisions Are for OPEC+ as Biden Leaves Kingdom

(Bloomberg) — Saudi ministers insisted that oil policy decisions would be taken according to market logic and within the OPEC+ coalition, just as US President Joe Biden wrapped up a landmark trip to the kingdom.

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Biden said late Friday that the Saudis shared his “urgency” to increase oil supply and he expects “further steps in the coming weeks” to that end.

Saudi officials stressed any decision to pump more would be made in the framework of OPEC+, which holds…


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