Tag Archives: Saudi Arabia walks oil policy tightrope between Biden and Putin

LONDON: Saudi Arabia’s push for swifter oil production hikes by Opec+, which were agreed in June, involved behind-the-scenes diplomacy to ensure Russia backed the move that followed US appeals for more supply, two sources familiar with the discussions said. The Opec+ group of oil producers made a larger-than-expected output rise when its ministers met on June 2, a step welcomed …

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