Economy

US reaction to OPEC decision: Supply must match demand

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Washington criticized oil-producing countries for their decision to cut oil production by 100,000 barrels per day

The USA believe that the supply of energy should “match the demand”criticizing in a veiled manner the decision of the OPEC+ countries to reduce oil production in order to support its price.

“The president (Joe Biden) has been clear that supply must match demand to support economic growth and lower prices for consumers in America and around the world.” the White House spokeswoman said in a statement Karin Jean-Pierre.

THE Washington had asked the 13 countries of the Organization of the Petroleum Exporting Countries and its 10 allies, which make up OPEC+, to increase production to lower energy prices that are fueling inflation, which has reached its highest level in decades .

In her announcement, the spokeswoman recalls that the White House made the “historic” decision to use the strategic stocks but also the decision, “in cooperation with allies”, to place a ceiling on its price Russian oil to ensure that global supply is maintained. Karine Jean-Pierre also points out that the US has increased its own oil production by half a million barrels per day since the beginning of the year.

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Joe BidennewsoilOPECSkai.grUSA

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