Friday, October 15, 2021

 Biden renews OPEC outreach as oil prices climb 10% in September:"The rising price of oil “is of concern for the U.S.,” said White House press secretary Jennifer Psaki. The U.S. has been in touch with OPEC about oil prices, she said at a press briefing. Heading into next week’s meeting between OPEC and its partners, there is increased speculation that the organization will consider raising production more than the previously announced hike of 400,000 barrels a day.

“With oil prices at multi-year highs, we think that OPEC will come under increasingly intense pressure from Washington to increase production,” RBC analyst Helima Croft said in report."

https://www.worldoil.com/news/2021/9/30/biden-renews-opec-outreach-as-oil-prices-climb-10-in-september

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