U.S. not expecting Saudi Arabia to immediately boost oil production – Reuters.com

U.S. not expecting Saudi Arabia to immediately boost oil production – Reuters.com

JEDDAH, Saudi Arabia, July 15 (Reuters) - The United States is not expecting Saudi Arabia to immediately boost oil production and is eyeing the outcome of the next OPEC+ meeting on Aug. 3, the U.S. national security adviser said on Friday, lowering expectations as U.S. President Joe Biden visits the kingdom.

"I don't think you should expect a particular announcement here bilaterally because we believe any further action taken to ensure that there is sufficient energy to protect the health of the global economy, it will be done in the context of OPEC+," Jake Sullivan said.

Biden is set to land in Jeddah on Friday on a trip that is designed to reset the U.S. relationship with the kingdom and during which energy supply, human rights and security cooperation are on the agenda. read more