
Pump jacks in Bakersfield, California. The oil market is facing structural supply issues due to underinvestment in the upstream oil and gas sector. AP
Pump jacks in Bakersfield, California. The oil market is facing structural supply issues due to underinvestment in the upstream oil and gas sector. AP
Biden can push for more oil during Middle East trip but there's little capacity to spare
With US petrol prices soaring and inflation hitting a 40-year high, president's approval ratings are plummeting as he prepares for his trip