It

 

doesn't do any good to increase production if there is not enough refining capacity to handle the output.

Biden won't ask Saudis to raise oil production as gas prices hover near records

Because he knows they can't. 

Not enough to make any difference anyway.

Macron tells Biden that UAE, Saudi can barely raise oil output

The analysist were right on this one.

Oil Markets Could Face A Doomsday Scenario This Week

"French President Emmanuel Macron had stated to US president Biden during the G7 meeting that not only is the UAE producing at maximum production capacity, but also that Saudi Arabia only has another 150,000 bpd of spare capacity available."

"The two countries’ (UAE and Saudi Arabia) spare production is still officially slated to be around 3.9 million bpd combined. Most analysts, however, have been questioning these figures for years."