Biden Downplays OPEC Cut, Says It Won’t Be as ‘Bad as You Think’
- Tone is different from response to production cuts last fall
- NSC’s Kirby said US received a ‘heads up’ on announcement
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President Joe Biden downplayed the impact of a surprise OPEC+ announcement that it would slash oil production by more than 1 million barrels per day.
“It’s not going to be as bad as you think,” Biden said Monday during a trip to Minnesota, where he was asked about the decision.