Article 61H0P Oil price rises after Joe Biden fails to secure Saudi output increase

Oil price rises after Joe Biden fails to secure Saudi output increase

by
Alex Lawson Energy correspondent
from US news | The Guardian on (#61H0P)

Increase will keep up the pressure at pumps, where drivers have faced record petrol and diesel prices

The price of oil rose on Monday after the US president, Joe Biden, came away from talks in the Middle East without an agreement on raising supply.

Biden had hoped to secure a promise from Saudi Arabia to increase its output of oil, which could lead to an easing of global supply pressures.

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