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Biden Working With Oil-Producing Nations as Prices Surge to 2014 High

  • White House to monitor prices in the context of global growth
  • Oil from strategic reserve to be delivered in February, March
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Demand Confidence to Push Oil Prices, Analyst Sen Says

The Biden administration is working with oil-producing countries to ensure supply rises to meet demand, according to the White House, as prices surge to the highest level in seven years.

The White House plans to continue to monitor prices in the context of global growth and hold discussions with OPEC+ countries as needed, National Security Council spokeswoman Emily Horne said in a statement on Tuesday.