• Saudi will push OPEC+ to increase oil production at their meeting on August 3

Noticias del mercado

2 agosto 2022

Saudi will push OPEC+ to increase oil production at their meeting on August 3

Citing a source with knowledge of the meeting between President Biden and Saudi King, a Fox News reporter tweeted out on Tuesday, saying that the source “tells me Saudis will push OPEC+ to increase oil production at their meeting on Wednesday.”

“Source says the Saudi King made the assurance to President Biden during their face-to-face meeting on July 18,” the Fox News reporter added.

The OPEC and non-OPEC Ministerial Meetings are due to be held on August 3, Wednesday.

Market reaction

Amid the talks of a potential oil output hike, WTI is flirting with daily lows of $92.27, down nearly 1% on the day.

Commodities. Daily history for Monday, August 1, 2022
Stocks. Daily history for Monday, August 1, 2022
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