Everything to know as Joe Biden heads to Saudi Arabia

Everything to know as Joe Biden heads to Saudi Arabia

Phil Rosen here with you on hump day, eagerly awaiting updates from President Joe Biden's arrival in the Middle East. Today, the Commander in Chief will try to shake things up in oil markets as he travels to Saudi Arabia to mull the global energy crunch. Below, I break down what you want to know ahead of any wheelin' and dealin' that might take place. Plus, Twitter has followed through with its , and the lawsuit is . And by the way, Insider is seeking nominations for its new series, 100 People Transforming Business. Alright, nobody blink — we've got a lot of ground to cover. will be hard pressed to resolve the tight market. As part of its year-ahead outlook, the oil cartel said Tuesday that as member countries struggle to increase flows. In the group's first outlook for 2023, OPEC said demand will balloon by . To fill that gap, OPEC would need to increase its output well above the mark it hit in June, even though member nations have already in recent months. All this doesn't bode well for , as he's expected to push OPEC's de facto leader to increase output to alleviate price pressures in