Biden Set To Visit Saudi Arabia To Discuss High Oil Prices  

In a U-turn from his previous position on Saudi Arabia, U.S. President Joe Biden is set to visit the world’s top crude oil exporter later this month, as soaring oil prices continue to increase the pain at the pump for American consumers who pay record-high prices for gasoline. The decision for Biden’s visit comes after the OPEC+ group led by Saudi Arabia on Thursday decided to accelerate the monthly production increases to 648,000 barrels per day (bpd) in July and August, from the 432,000 bpd monthly hikes so far. President Biden will…