LONDON—Oil fell to around $78 a barrel on Friday on the prospect that OPEC+ producers might step up a planned increase in output to ease supply concerns, although crude remained in sight of a three-year high reached this week. The Organization of the Petroleum Exporting Countries and allies, known as OPEC+, meet on Monday. Four…
Oil Slips to $78 as Sources Say OPEC+ Weighs Further Output Hike
October 1, 2021
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White House Calls on Oil Cartel OPEC to Boost Production as Gas Prices Soar
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White House Calls on OPEC+ to Boost Production as Gasoline Prices Soar
WASHINGTON—Worried about rising gas prices, the Biden administration has called on oil-producing countries including Saudi Arabia and Russia to raise their oil production. Strong recovery in global demand and slow growth in supplies have been pushing crude oil prices higher in recent months. National security adviser Jake Sullivan issued a statement on Aug. 11 asking…
OPEC and Big Oil’s New Best Friend, Joe Biden
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NTD Business Full Broadcast (July 6)
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WhiteHouse Sidesteps Question Over Rising Gas Prices
The White House on Thursday sidestepped questions asking if President Joe Biden was doing anything to curb rising gas prices, as those in the industry warn motorists might face $3 per gallon in a matter of weeks. A reporter at the daily briefing asked White House press secretary Jen Psaki if Biden was planning to intervene…
White House Sidesteps Question Over Rising Gas Prices
The White House on Thursday sidestepped questions asking if President Joe Biden was doing anything to curb rising gas prices, as those in the industry warn motorists might face $3 per gallon in a matter of weeks. A reporter at the daily briefing asked White House press secretary Jen Psaki if Biden was planning to intervene…
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