The U.S. government publicly welcomed a decision by OPEC and its allies to incrementally increase oil output, but added that the United States has no plans to reconsider its decision to release crude reserves. The decision by OPEC+ maintained an existing deal to increase output in January by 400,000 bpd. Biden administration officials have spent weeks publicly pressuring OPEC+ members to increase oil output to help lower energy prices in the United States, where inflation concerns have become a political problem. They also planned to sell 32 million barrels of crude from four Strategic Petroleum Reserve and pushed other countries to do the same in an effort to lower global prices. Asked if Washington would take another look at its decision to release reserves, a decision highly feared by OPEC+ members, J.Psaki was unequivocal: “We have no plans to reconsider.”
The U.S. government publicly welcomed a decision by OPEC and its allies to incrementally increase oil output, but added that the United States has no plans to reconsider its decision to release crude reserves. The decision by OPEC+ maintained an existing deal to increase output in January by 400,000 bpd. Biden administration officials have spent weeks publicly pressuring OPEC+ members to increase oil output to help lower energy prices in the United States, where inflation concerns have become a political problem. They also planned to sell 32 million barrels of crude from four Strategic Petroleum Reserve and pushed other countries to do the same in an effort to lower global prices. Asked if Washington would take another look at its decision to release reserves, a decision highly feared by OPEC+ members, J.Psaki was unequivocal: "We have no plans to reconsider."
White House welcomes OPEC’s plans to pump more oil
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