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- The cartel led by Saudi Arabia and Russia decided to raise production by 100,000 barrels per day for September
- The amount is much lower than previous increases
- Follows Biden's trip to Saudi Arabia, where he met with Crown Prince Mohammed bin Salman
- The two men exchanged a fist bump
- US intelligence concluded MBS was behind the murder of dissident Jamal Kashoggi
- White House wouldn't condemn the move or call it an 'insult'
- 'The fact of the matter is that oil and gas prices are coming down ... and they have been coming down since the President announced his trip'
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