The United States believes that the OPEC and his allies in the OPEC+ “They have aligned themselves with Russia” by cutting their oil production, the White House said on Wednesday.
“It is clear that with today’s decision (Wednesday) OPEC+ aligns itself with Russia,” White House spokeswoman Karine Jean-Pierre said.
This decision “it’s a mistake”, he said aboard the plane taking US President Joe Biden to Florida.
Shortly before, national security adviser Jake Sullivan and Biden’s top economic adviser, Brian Deese, said in a statement that the president “is disappointed by OPEC+’s short-sighted decision.”
The alliance decided this Wednesday cut its oil production quotas by two million barrels per day.
The supply cut will affect countries “already reeling” from high hydrocarbon prices, as “the world economy grapples with the continuing negative impact” of the Russian invasion of Ukraine, according to the statement.
The OPEC+ decision puts Joe Biden and his Democratic Party in a bind potentially fueling fuel price hikes just five weeks before the election midterms, in which Republicans hope to take control of Congress.
In an attempt to cushion the rise in prices, USA “It will put 10 million barrels” of crude on the market next month, the statement added.
They leave the Strategic Reserve of Petroleum but they are rapidly eroding after record government-ordered withdrawals since March.
Stockpiles are now at their lowest level since July 1984.
The government “will consult with Congress on additional tools and mechanisms to reduce OPEC’s control over energy prices,” the statement said.
United States records highest inflation in four decades mainly due to supply chain delays due to the COVID-19 lockdowns and high fuel prices.
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