White House expects OPEC+ oil production hike after Middle East trip - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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The White House on said Monday it anticipates major oil producers in the OPEC+ alliance to increase crude production following President Joe Biden’strip to the Middle East.

Oil prices rocketed to their highest levels since 2008, climbing above $139 a barrel in March, after the United States and Europe imposed sanctions on Russia over its invasion of Ukraine, which Moscow calls a"special military operation."Oil prices rocketed to their highest levels since 2008, climbing above $139 a barrel in March, after the United States and Europe imposed sanctions on Russia over its invasion of Ukraine, which Moscow calls a"special military operation.

“We anticipate to be an increase in production, but it’s going to take the next couple of weeks, and that will be up to OPEC+.”

 

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