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https://www.wsj.com/articles/saudi-arabia-nears-its-oil-pumping-limit-11658315077
Saudi Arabia has limited additional capacity to ramp up oil production, according to people familiar with its pumping ability, a constraint that would make it difficult for Riyadh to increase global supply even if it were willing to do so.
President Biden recently wrapped up a high-profile trip to Saudi Arabia, saying he expected the kingdom to help the U.S. boost global supplies. The Organization of the Petroleum Exporting Countries, with Riyadh as its de facto leader, meets early next month to determine whether to lift its current quota for production. The group has been working in recent years with a parallel group of big producers headed by Russia.
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This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.