The Biden administration is ‘encouraged’ by OPEC’s ongoing speeches | News by Joe Biden


The White House press secretary said the administration of U.S. President Joe Biden had “a number of high-level conversations” with Saudi and UAE officials.

Di Bloomberg

Biden administration officials are “encouraged” by ongoing OPEC discussions and have spoken with officials in Saudi Arabia and the United Arab Emirates in hopes of reaching an agreement to curb ‘rise in crude oil prices,’ said White House press secretary Jen Psaki.

“We are not a party for these discussions, but over the weekend and this week, we have had a number of high-level conversations with officials in Saudi Arabia, the UAE and other relevant partners,” Psaki said Tuesday during a briefing at the White House.

She declined to specify which U.S. officials were involved, but said she did not expect President Joe Biden to make personal calls.

The United States hopes the talks will lead to an agreement that “promotes access to affordable and reliable energy,” he said. The impact of discussions on gas prices in the United States is of interest to the administration, he said.

Saudi Defense Secretary Khalid bin Salman, who is visiting Washington, met Tuesday with top Defense Department officials John Pentby, a Pentagon spokesman, said without providing details on the discussions. Khalid will attend meetings at the State Department on Wednesday.

“The president wants Americans to have access to affordable and reliable energy, even at the pump. And that’s why our team is constantly monitoring gas prices and communicating directly with OPEC parties to achieve an agreement and allows to increase the proposed production to advance, ”Psaki said.

Crude oil prices have risen and fluctuated as Saudi Arabia and the UAE have expanded due to increased production. A stall in discussion raises the prospect that one or the other nation may abandon its quotas and increase supply. Existing OPEC + production limits remain in place.





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