The Biden administration accused the OPEC+ exporting cartel of siding with Russia — and announced the release of still more oil from America’s Strategic Petroleum Reserve — after the group agreed to snub US outreach and collectively reduce production.
OPEC+, led by Saudi Arabian Prince Abdulaziz bin Salman, said it would collectively reduce output by 2 million barrels per day beginning in November despite Biden’s July trip to Saudi Arabia to woo Saudi Arabian Crown Prince Mohammad bin Salman.
Biden responded by abruptly announcing that he would release 10 million more barrels.Biden previously ordered the release of 180 million gallons from the strategic reserves
“At the president’s direction, the Department of Energy will deliver another 10 million barrels from the Strategic Petroleum Reserve to the market next month,” the White House said in a statement, which also said “the Biden Administration will also consult with Congress on additional tools and authorities to reduce OPEC’s control over energy prices.”
nypost.com/2022/10/05/us-will-tap-oil-reserve-after-opec-aligns-with-russia/