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OPEC+ sticks with oil supply hike after U.S. overture to Saudi Arabia

Delivery of another 400,000 bpd is 'win for the White House' fighting price rise

Oil tanks at Saudi Aramco oil facility in Abqaiq, Saudi Arabia.   © Reuters

NEW YORK/LONDON/WASHINGTON/DUBAI (Financial Times) -- Saudi Arabia has agreed to keep increasing monthly crude oil production following a charm offensive by Biden administration officials that included an effort to reframe the relationship between the US and the kingdom.

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