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White House: It Is Clear That OPEC+ Is Aligning With Russia
White House Press Secretary Karine Jean-Pierre has told reporters that the group of oil producing countries, OPEC+, is "aligning with Russia" in a press gaggle aboard Air Force One.
- Jean-Pierre's comments come in the wake of a punchy 2m b/pd production cut announced by OPEC today - a cut which exceeded many analyst predictions.
- Jean-Pierre: "Its clear that OPEC+ is aligning with Russia, with today's announcement, and I'll leave it at that."
- Jean-Pierre: "By making this decision its going to have an effect on low and middle income countries."
- Jean-Pierre refused to be drawn on whether the decision should be considered a hostile act by Saudi Arabia and declines to comment on if it will affect US-Saudi relations: "This decision by OPEC+ is one of purported self interest is a mistake, its misguided."
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.