US expects OPEC+ to release oil supplies to meet demand

01/12/2021 Argaam

The White House said that the administration of US President Joe Biden is in regular contact with the member countries of the OPEC+.

 

Press Secretary Jen Psaki stated that the Biden administration hopes the group to release more oil supplies to meet the demand for crude.

 

OPEC+ is scheduled to meet on Dec. 2, regarding the decision of member states for supply policy, which indicates a monthly increase of 400,000 barrels per day (bpd).

 

On the other hand, Psaki said that the White House is frustrated by the drop in crude oil prices at a time when there has been no decline in gasoline prices at gas stations for consumers.

 

“Yes, we are frustrated because we have seen a drop in oil prices but we haven't seen a decline in gasoline prices,” she said.

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