Biden calls on OPEC to reverse production cuts

by **RamblerNash** Thu Aug 12, 2021 12:55 am

Wednesday 11 August 2021 23:24

Baghdad / NINA / - US President Joe Biden called, today, Wednesday, for OPEC to reverse the production cut.

And he said, according to a statement by the White House, that: The production cuts made by OPEC during the pandemic must be reversed.

Biden stressed that: Gasoline prices in the United States are high enough to create a painful situation for working families.

Earlier in the day, the White House said: Its contacts with members of the Organization of the Petroleum Exporting Countries and their allies in oil producers are continuing, and are aimed at long-term communication and not necessarily an immediate response.

He added: "OPEC has additional supplies available and US oil producers have not been asked to increase their production."

He noted that: The administration of President Joe Biden urges OPEC and its oil-producing partners to boost production.

He continued, "The current production is simply not enough, and it may threaten the ongoing global economic recovery." / End 3

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