US stands by calls for Opec+ to do more on oil prices

Staff Reporter BOL News

12th Oct, 2021. 12:36 pm

WASHINGTON: The White House stands by its calls for oil-producing countries to “do more” to support the global economic recovery, Arab News quoted an official, as saying, as the 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 the US 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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