President Biden had lobbied OPEC+ to increase production in July.
Gas prices over $7.00 a gallon are displayed at a Chevron gas station on October 03, 2022 in Mill Valley, California.The White House on Wednesday expressed disappointment following the announcement from OPEC+ that it would cut two million barrels per day from its production quotas beginning in November.
"The president is disappointed by the shortsighted decision by OPEC+ to cut production quotas while the global economy is dealing with the continued negative impact of Putin's invasion of Ukraine," the White House said in a statement from national security adviser Jake Sullivan and National Economic Council Director Brian Deese.
Secretary of State Antony Blinken said that the administration would continue to ensure energy prices are "kept low" in light of the OPEC+ announcement. The national average cost of a gallon of gas is currently $3.83, up about 62 cents from last year, according to AAA. "And again, it's because of the historic steps that this president has taken," she added. Jean-Pierre did not directly comment on the OPEC+ alliance's expected move from the podium.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
White House 'disappointed' with OPEC+ decision to cut oil production, will release more from US reservesWhite House expresses disappointment following the announcement from OPEC+ that it would cut two million barrels per day from its production quotas beginning in November.
Read more »
US oil industry mocks Biden after OPEC+ announces production cutsThe U.S. Oil & Gas Association on Wednesday suggested that President Biden is now forced to turn to the U.S. oil industry after tapping out strategic reserves and OPEC+ cut production.
Read more »
Khanna Tells Biden to Cut Off Weapons to Saudis as OPEC Agrees to Slash Oil Supply\u0022President Biden should make it clear that we will stop supplying the Saudis with weapons and air parts if they fleece the American people and strengthen Putin by making drastic production cuts.\u0022
Read more »
Biden 'disappointed' by OPEC+ production cut, White House saysPresident Joe Biden 'is disappointed by the shortsighted decision by OPEC+ to cut production quotas while the global economy is dealing with the continued...
Read more »
White House: US Pres. Biden disappointed by shortsighted decision by OPEC+US President Joe Biden is disappointed by the OPEC+ group's 'shortsighted decision', the White House said on Wednesday, as reported by Reuters. Follow
Read more »