The Hill: Biden ‘disappointed’ by OPEC+ decision to cut oil production
The White House on Wednesday admonished what it called a “shortsighted decision” by OPEC and its allies to cut oil production by 2 million barrels per day, a move that could lead to a rise in gas prices domestically.
National security adviser Jake Sullivan and top economic adviser Brian Deese issued a statement that took issue with the decision, citing ongoing concerns about the impact of the Russian invasion of Ukraine.
Read more ....
Update: Biden Blasts "Short-Sighted" OPEC+ Cut, Blames US Energy Firms For Surging Pump Prices (Zero Hedge)
Update #2: White House accuses Opec+ of aligning with Russia (Financial Times)
WNU Editor: This is all happening with the US midterm elections a few weeks away .... OPEC+ Production Cut Poses New Threat to Biden as Election Nears (Bloomberg).
No comments:
Post a Comment