The White House announced that “U.S. President Joe Biden has asked the Department of Energy to allocate an additional 10 million barrels of strategic reserves next month” and confirmed that “Biden will continue to lead the withdrawal from strategic reserves as needed, and he is disappointed with the short-sighted decision of OPEC +.

It was felt that “the OPEC+ decision will have significant negative consequences for low- and middle-income countries”, noting that “the decision reminds us of the need to reduce our dependence on fossil fuels from foreign sources.” And he added: “We will consult with Congress on the provision of additional tools and powers to reduce OPEC’s control over energy prices.”

And the White House pointed out: “It is clear that OPEC + is an ally of Russia, and its decision to cut production was a mistake and in the interests of Russia,” and added that “Biden ordered the Department of Energy to consider all available measures.” to maintain the stability of oil prices”.

The OPEC+ alliance officially announced “to cut oil production by two million barrels per day starting in November, based on the agreed levels of August” and announced that “the current OPEC+ agreement is being extended until December 2023 instead of the end of this year.”