US President Joe Biden called on large oil exporters – OPEC countries abandon the reduction of oil production as the global economy is restored after the coronavirus pandemic. He stated this, speaking in the White House, his words leads TASS.
According to the head of the American state, it must be done to reduce prices for consumers. He added that the current reduction in the cost of oil has not yet led to a decrease in gasoline price.
“This is not what could be expected in the competitive market. We are taking measures to solve the problem of gasoline prices. Today, gasoline prices are lower than at the beginning of this decade, but they are still quite high, which limits working families. “,” Biden stressed.
President noted that the United States will use all available means to track the situation with gasoline prices and prevent any illegal actions related to their growth. He concluded that it was not going to raise taxes on this type of fuel.
previously became known that oil had cheaper ramped due to the US calls. The price of the Brent brand at the auction on August 11 sharply fell two percent in seven minutes. By 14:22 Moscow time, October futures dropped to 69.81 dollars (minus 1.1 percent).