(Washington Composite Electric) Organization of Organization (OPEC, referred to as oil alliances) and non -oil alliance produced by non -oil alliances+(OPEC+) on Wednesday (October 5) agreed to reduce production from November.The production of oil oil is reduced by 2 million barrels.The move was irritating the White House, and the US President Biden expressed disappointment and believed that reducing production was a short -sighted decision.
Recently, due to poor world economic prospects, international crude oil prices have fallen down.The price of New York crude oil futures contract has fallen from more than $ 120 per barrel in June this year to about $ 90 per barrel at the present, and falls to the level before the outbreak of the Ukraine war in February this year.The price of Brent crude oil in London also shows similar trends.
After the news of the reduction of production on Wednesday was spreading, the price of oil rose to three weeks.New York's crude oil futures closed at $ 87.76 per barrel on the same day, an increase of 1.4%.London's Brant in London December crude oil futures received $ 93.37 per barrel, an increase of 1.7%.
The US National Security Consultant Sarawan and Chief Economic Consultant Dis issued a statement saying: "At this time, the world is trying to deal with the economic impact brought about by Russia's invasion of Ukraine."
"The Biden government will consult with Congress to use extra tools to reduce the control of oil prices."
Bayeng expressed disappointment about the oil alliance+announcement of oil production reduction on Thursday, and said that the United States was studying the response plan.He told reporters in the White House: "We are studying the response plan we may have. There are many response plans, and we have not yet finalized."
The United States has announced that 10 million barrels of strategic reserve oil was released to the market in November.According to reports, US officials have hinted that strategic reserve oil may be further released.
The United States or repair method opposes the monopoly of the oil alliance
The United States has previously required the Oil Union to increase production and assist in suppressing rising gasoline prices.In July of this year, before Biden went to Saudi Arabia to "seek oil", the oil alliance accelerated the pace of increased production; subsequently increased production in August, but later took the opposite action to start "symbolic" reduction.
The decision to reduce the production of oil -producing countries may lead to a rise in gasoline prices in the United States. At this time, only five weeks left from the US midterm elections, this will be covered with a shadow of the Democratic Party that belongs to Biden.According to the New York Times analysis, the reduction of production of oil alliances will benefit Russia from higher oil prices and offset that it is forced to give oil prices to China and other countries.Essence
The White House Press Secretary Pierre told reporters: "Today's announcement shows that the oil alliance+standing on the side of Russia."
Bloomberg pointed out that the Oils League's decision may promote the United States to promote a "anti -oil production and export monopoly bill" (NOPEC).The bill authorized the US government to prosecute the members of the Oil Alliance on the grounds of manipulating the energy market and seek a $ 1 billion compensation.
After the Oil Union announced the decision to reduce production, Russia's Deputy Prime Minister Novak warned in Vienna that the measures to restrict Russia's export prices will be counterproductive, and Russia may temporarily reduce oil production.
The European Union agreed to impose a new round of sanctions on Russia on Wednesday, including the upper limit of the implementation of Russian oil.In this regard, Novak said that such "market intervention measures" will only lead to imbalances in supply and demand, increase in shipping costs, delay in delivery, and more turbulence.
Oil Union's reduction has increased concerns about the tight supply of oil and soaring in inflation. Sri Lanka, which faces bankruptcy, warns that as wealthy countries store fuels in order to meet domestic needs, Sri Lanka and other South Asian countries will receive fuel prices and increase fuel prices and they will rise and increase.Global inflation has intensified double blows.
