Biden Keeps Pressure on OPEC+ to Boost Output, Citing Inflation

U.S. President Joe Biden kept up the pressure on OPEC+ to combat high oil prices, blaming it for inflationary pressure at home just two days before Saudi Arabia, Russia and the rest of the cartel meet to discuss oil policy.

“If you take a look at gas prices, and you take a look at oil prices, that is a consequence of, thus far, the refusal of Russia or the OPEC nations to pump more oil,” Biden told reporters at a news conference at the United Nations climate summit in Glasgow. “And we’ll see what happens on that score sooner than later.”