October 12, 2021

White House stands by calls for OPEC+ to do more on oil prices: Reuters

categories : oil and gas

WASHINGTON: The White House stands by its calls for oil-producing countries to 'do more' to support the global economic recovery, an official said on Monday as crude prices hit multi-year peaks.

The administration official said they are closely monitoring the cost of oil and gasoline and are 'using every tool at our disposal to address anti-competitive practices in U.S. and global energy markets to ensure reliable and stable energy markets.' They have raised the concern at a senior level with several members of the OPEC+ alliance, according to the official.

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