Biden ‘Disappointed’ by OPEC Decision, Wants to Limit Their Control

President Joe Biden “is disappointed by the shortsighted decision” by the Organization of the Petroleum Exporting Countries (OPEC) to cut production as the conflict between Russia and Ukraine continues, the White House said Wednesday.

The Biden administration received the bad news when OPEC and allied oil-producing nations backed a plan at the OPEC Plus meeting in Vienna to cut oil output by 2 million barrels per day, or approximately 2 percent of global supply.

The decision came at the recommendation of the cartel’s Joint Ministerial Monitoring Group. If the decision is confirmed later…

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