Biden Officials Urge OPEC Members to Find Output Compromise
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The Biden administration is urging OPEC and its allies to find a compromise solution to increase production after the cartel abandoned a meeting Monday, according to White House officials familiar with the discussions.
Even though the U.S. isn’t a party to the talks, it’s “closely monitoring the OPEC+ negotiations and their impact on the global economic recovery from the Covid-19 pandemic,” a White House spokesperson said Monday. “Administration officials have been engaged with relevant capitals to urge a compromise solution that will allow proposed production increases to move forward.”