The US State Department commented on the prospect of increasing oil production by OPEC countries

OPEC acknowledged that since Putin began to build up strength, oil markets have suffered.

U OPEC (Organization of Petroleum Exporting Countries) there is additional free capacity and the opportunity to increase oil production.

About this after the visit of US President Joe Biden to Saudi Arabia declared State Department Senior Energy Adviser Amos Gochstein, who accompanied the American leader on the trip.

“Just before the president announced his trip, just a few days before, OPEC+ made a major shift in its policy as well. They admitted that since Putin began to build strength, the markets have suffered. … increasing supply by more than 50% in July and August, and based on what we heard on the trip, I’m pretty confident that we’ll see a few more moves in the coming weeks,” Gochstein said.