By: Franyi Sarmiento, Inspenet, November 22, 2021
According to information from Reuters, the Administration of US President Joe Biden asked the main oil-consuming countries in the world, such as China, Japan, South Korea and India, to consider releasing their crude oil reserves in order to reduce the world energy prices.
This request would show US dissatisfaction with members of the Organization of Petroleum Exporting Countries (OPEC) who have repeatedly denied US requests. to accelerate their production increases, as they say that the recovery in demand could be fragile.
However, the push from the Washington administration is a challenge, since China is considered the world’s largest crude oil importer, Reuters suggests.
This unusual request from the US It comes at a time when President Biden is under pressure from rising fuel prices. A similar action by Washington and its allies occurred in 2011 at the start of the civil war in Libya.
Source: https://actualidad.rt.com/actualidad/410732-reuters-eeuu-insta-principales-naciones-consumidoras-petroleo-liberar-reservas / Reuters
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