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Sunday, Dec 04, 2022
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US 'Has Made Clear' to OPEC That Agreement on Reduced Oil Output Must Be Reconsidered, Biden Says

US 'Has Made Clear' to OPEC That Agreement on Reduced Oil Output Must Be Reconsidered, Biden Says

The 13-member Organization of the Petroleum Exporting Countries (OPEC) and its OPEC+ partners, which include other major oil producers such as Russia, agreed to reduce crude oil production last year in the wake of last year's dramatic economic downturn associated with the Covid crisis. Last month, OPEC+ agreed to begin gradually boosting output.
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