Apparently the US administration is not happy with current prices:
Quote:
U.S. asked OPEC to hike oil output by 1 million barrels a day amid surging gas prices: sources
The U.S. government has quietly asked Saudi Arabia and some other OPEC producers to increase oil production by about 1 million barrels a day, according to people familiar with the matter.
The rare request came after U.S. retail gasoline prices surged to their highest in more than three years and President Donald Trump publicly complained about OPEC policy and rising oil prices on Twitter. It also follows Washington’s decision to reimpose sanctions on Iran’s crude exports that had previously displaced about 1 million barrels a day, or just over 1 per cent of global production.
|
More:
U.S. asked OPEC to hike oil output by 1 million barrels a day amid surging gas prices: sources | Financial Post