OPEC+ Heads for a Clash With Biden as Members Reject Call for More Oil
- Kuwait says cartel should stick with gradual output increases
- Group meets on Thursday to decide on its production strategy
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OPEC+ headed for a clash with the U.S. as more members rejected President Joe Biden’s call for the group to raise oil production faster and help reduce gasoline prices.
On Monday, Kuwait said the cartel should stick with its plan to increase output gradually because oil markets were well-balanced. That followed similar statements from other key members in recent days, including Iraq, Algeria, Angola and Nigeria.