OPEC+ Set for Geopolitical Showdown as U.S. Demands More Oil
- U.S. president wants cartel to open taps and ease inflation
- Several OPEC+ members say publicly they shouldn’t go faster
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OPEC+ is heading for a politically consequential showdown with President Joe Biden, as Saudi Arabia and its allies must choose whether to heed American demands for more oil.
The cartel looked set to rebuff the request, triggering a bare-knuckle fight with the White House, which is worried that inflation caused by high energy prices could derail its economic agenda.