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Saudi Arabia and OPEC could make up for lost Russian oil production as Biden visit looms

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The Organization of the Petroleum Exporting Countries (OPEC) logo is seen at the OPEC headquarters in Vienna, Austria June 19, 2018. REUTERS/Leonhard Foeger/File Photo Join now for FREE unlimited access to Reuters.com Register Western sanctions have caused Russian production to plummet OPEC+ meets on Thursday and may address Russian production issue US diplomats worked on …

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Saudi Arabia ready to pump more oil if Russian production falls under ban

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Saudi Arabia has signaled to Western allies that it is ready to increase oil production if Russian production falls significantly under the brunt of sanctions, according to five people familiar with the talks. The kingdom has resisted calls from the White House to accelerate production increases despite oil prices trades near $120 a barrel, the …

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