OPEC+ to stick to oil supply rise plan as Biden heads to Saudi – sources

OPEC and allied producing countries, including Russia, will likely stick to a plan for accelerated oil output increases in August, sources said, hoping to ease surging oil prices and inflation pressure as U.S. President Joe Biden plans to visit Saudi Arabia and the Middle East. This occurred after Biden’s administration pleaded for increased supply from the OPEC+ members as the world struggles to tackle the energy crisis.