Getting expensive: A worker pumps fuel into a prime mover at an oil refinery in Utah. US petroleum prices are running at about US$3.18 (RM13.47) a gallon at the pumps, up more than a US dollar from last year. — Bloomberg
WASHINGTON: US President Joe Biden’s administration urged Organisation of the Petroleum Exporting Countries (Opec) and its allies to boost oil output to tackle rising petroleum prices that they see as a threat to the global economic recovery.
The request reflects the White House’s willingness to engage major world oil producers for more supply to help industry and consumers, even as it seeks the mantle of global leadership in the fight against climate change and discourages drilling at home.
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