US expects OPEC+ to release oil supplies to meet demand

01/12/2021 Argaam

The White House said that the administration of US President Joe Biden is in regular contact with the member countries of the OPEC+.

 

Press Secretary Jen Psaki stated that the Biden administration hopes the group to release more oil supplies to meet the demand for crude.

 

OPEC+ is scheduled to meet on Dec. 2, regarding the decision of member states for supply policy, which indicates a monthly increase of 400,000 barrels per day (bpd).

 

On the other hand, Psaki said that the White House is frustrated by the drop in crude oil prices at a time when there has been no decline in gasoline prices at gas stations for consumers.

 

“Yes, we are frustrated because we have seen a drop in oil prices but we haven't seen a decline in gasoline prices,” she said.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Most Read