Why Biden’s trip to the Middle East may do little to help ease tight oil supplies
July 12, 2022 at 06:58 AM EDT
President Joe Biden is headed to the Middle East this week and the pressure in on for the U.S. to look to Saudi Arabia, the world’s largest oil exporter, for more barrels of oil. Limits to global production capacity, however, are likely to be a difficult obstacle to overcome, analysts say.