WASHINGTON: A top White House energy adviser declared on Wednesday that the plan by OPEC+ members to increase oil supply by 100,000 barrels per day is a positive step and that the Biden administration will continue to work to lower fuel prices.
Amos Hochstein, U.S. President Joe Biden's energy security adviser, told CNN in an interview that it was a step in the right direction.
From September, OPEC and its partners, led by Russia, were expected to increase output by 100,000 bpd. According to two individuals, the decision was in fact accepted in a meeting that was held behind closed doors.
"The quantity of barrels is not our primary concern. Our first priority is to lower pricing, he stated. And there I believe we're in good form, and we'll keep working to get it down lower.
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