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Benzinga
Benzinga
Business
Akanksha Bakshi

Biden Visit Might Push For Saudi Arabia And OPEC To Make Up For Russian Oil Loss

OPEC United States Oil Joe Biden Russia Saudi Arabia Inflation Riyadh

Saudi Arabia and other OPEC members may increase oil supply to compensate for a reduction in Russian output, which may relieve pressure on growing global inflation and pave the way for US President Joe Biden's historic visit to Riyadh, reported Reuters.

Oil producer group OPEC+ approved a small production rise for June in early May.

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