US Presses Opec-Plus for More Supply

摘要

The White House is pushing Saudi Arabia, the United Arab Emirates and other countries in the Opec-plus coalition to increase output more rapidly amid concerns that tight oil supplies are hampering the economic recovery and contributing to inflation. The US has told major global oil producers that “the production cuts made during the pandemic should be reversed as the global economy recovers in order to lower prices for consumers,” US President Joe Biden said in remarks Wednesday.