On behalf of the United States, Press Secretary Jean-Pierre issued a statement welcoming a decision OPEC+ made to increase oil supply by more than 200,000 barrels per day in July and August.
According to the White House Press Secretary, the decision to increase oil supply to offset problems oil supply has been based on new market conditions and will accelerate the end of the arrangement that has been in effect since July of last year.
“We recognize the role of Saudi Arabia as the chair of OPEC+ and its largest producer in achieving this consensus amongst the group members,” said Jean-Pierre. “We also recognize the efforts and positive contributions of UAE, Kuwait, and Iraq. The United States will continue to use all tools at our disposal to address energy prices pressures.”