Saudi Arabia Keeps Lid on Oil Output as US Gas Prices Rise
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Saudi Arabia is signaling it isn’t willing to pump more oil and won’t push for changes to an agreement with Russia and other producers that has kept a lid on oil production levels.
This has Washington concerned as gasoline prices rise and tensions with Russia over Ukraine fuel market uncertainty.
Higher prices at the pump pose a threat to Democrats at the polls in upcoming midterm elections. Biden has warned that gas prices could rise even higher if Russian President Vladimir Putin invades Ukraine.
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