The content originally appeared on: CNN In a surprise announcement on Thursday, OPEC and allied oil-producing nations revealed that they plan to increase oil production by 200,000 barrels per day in July and August, leading to praise from the White House for Saudi Arabia's role in 'achieving consensus' and facilitating the boost. While a small amount in the grand scheme of things, the move is being viewed by Biden administration officials as a significant breakthrough in the diplomatic relationship. One […]
