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According to the Deutsche Zeitung newspaper on July 16, the Saudi leadership said that Saudi Arabia is willing to increase its oil production by 1 million barrels per day, although this does not necessarily mean an increase in
actual oil production.
During U.
S.
President Joe Biden's visit to Saudi Arabia, Saudi Crown Prince Mohammed bin Salman promised to boost the daily production potential of crude oil from 12 million barrels to 13 million barrels
.
But Crown Prince Mohammed noted that there is no additional capacity to raise crude oil production to higher levels
.