The White House is pressuring OPEC and its allies to boost oil production in a bid to tackle rising gasoline prices — despite imposing tighter …
The White House is pressuring OPEC and its allies to boost oil production in a bid to tackle rising gasoline prices — despite imposing tighter restrictions on US oil companies last year. Biden’s National Security Advisor Jake Sullivan issued a statement on Wednesday urging OPEC — the Organization of the Petroleum Exporting Countries — to move faster to restore global supply of gasoline to pre-pandemic levels. “Higher gasoline costs, if left unchecked, risk harming the ongoing global recovery. The price of crude oil has been higher than it was at the end of 2019, before the onset of the pandemic,” Sullivan said.
