Biden Does Not Rule Out Venezuelan ‘Alternative’ to Address OPEC+ Oil Production Cut

Political Editor with files from sputniknews:

Arabnews24.ca:Thursday 6 October 2022 11:58 AM: https://sputniknews.com/20221006/biden-does-not-rule-out-venezuelan-alternative-to-address-opec-oil-production-cut-1101579399.html

Biden Does Not Rule Out Venezuelan ‘Alternative’ to Address OPEC+ Oil Production Cut

Biden Does Not Rule Out Venezuelan ‘Alternative’ to Address OPEC+ Oil Production Cut

WASHINGTON (Sputnik) - The United States is looking for alternative means to address energy supply concerns, including possibly through Venezuela, following a... 06.10.2022, Sputnik International

2022-10-06T15:43+0000

2022-10-06T15:43+0000

2022-10-06T15:55+0000

americas

venezuela

us

joe biden

oil

opec

/html/head/meta[@name='og:title']/@content

/html/head/meta[@name='og:description']/@content

https://cdnn1.img.sputniknews.com/img/102110/97/1021109755_0:41:5185:2957_1920x0_80_0_0_371ee3aad39e75cc93a18a7704bdeb2b.jpg

At the same time, Director of the National Economic Council Brian Deese said that further releases from the US Strategic Petroleum Reserve remain on the table.The Biden administration condemned the OPEC+ decision to cut oil production amid a looming winter energy crisis in Europe, calling the move "shortsighted." The White House also announced a 10 million barrel release from the US Strategic Petroleum Reserve in response to the decision.Biden is also considering a loosening of sanctions on Venezuela to allow energy company Chevron to start pumping oil there, US media reported following the OPEC+ decision. The move could help raise global oil supply and lower energy prices to offset the negative market impacts of western sanctions on Russia.On Wednesday, former President Donald Trump suggested the US boost its domestic energy production instead of "begging Venezuela" and other foreign countries for oil. Trump also urged the US to send energy to Europe this winter to offset the impacts of the looming energy crisis on the continent.

americas

venezuela

Sputnik International

feedback@sputniknews.com

+74956456601

MIA „Rosiya Segodnya“

2022

Sputnik International

feedback@sputniknews.com

+74956456601

MIA „Rosiya Segodnya“

News

en_EN

Sputnik International

feedback@sputniknews.com

+74956456601

MIA „Rosiya Segodnya“

1920

1080

true

1920

1440

true

https://cdnn1.img.sputniknews.com/img/102110/97/1021109755_412:0:4753:3256_1920x0_80_0_0_9c254fa1c7be97219aa39681173295dd.jpg

1920

1920

true

Sputnik International

feedback@sputniknews.com

+74956456601

MIA „Rosiya Segodnya“

Sputnik International

venezuela, us, joe biden, oil, opec

venezuela, us, joe biden, oil, opec

15:43 GMT 06.10.2022 (Updated: 15:55 GMT 06.10.2022)

Subscribe

International
India

WASHINGTON (Sputnik) - The United States is looking for alternative means to address energy supply concerns, including possibly through Venezuela, following a decision by the Organization of the Petroleum Exporting Countries Plus (OPEC+) group to slash oil production by 2 mln barrels a day starting in November, President Joe Biden said on Thursday.

"We’re looking at what alternatives we may have … There’s a lot of alternatives. We haven’t made up our minds yet," Biden said when asked about the OPEC+ decision and if Venezuela could be one of the mentioned alternatives.

At the same time, Director of the National Economic Council Brian Deese said that further releases from the US Strategic Petroleum Reserve remain on the table.

"The other measures are things that are on the table we continue to look at - the Strategic Petroleum Reserve is one of those," Deese said during a press briefing. "We are not announcing any steps on that front, but there are measures that we will continue to assess, as we go forward."

The Biden administration condemned the OPEC+ decision to cut oil production amid a looming winter energy crisis in Europe, calling the move "shortsighted." The White House also announced a 10 million barrel release from the US Strategic Petroleum Reserve in response to the decision.
Biden is also considering a loosening of sanctions on Venezuela to allow energy company Chevron to start pumping oil there, US media reported following the OPEC+ decision. The move could help raise global oil supply and lower energy prices to offset the negative market impacts of western sanctions on Russia.

On Wednesday, former President Donald Trump suggested the US boost its domestic energy production instead of "begging Venezuela" and other foreign countries for oil. Trump also urged the US to send energy to Europe this winter to offset the impacts of the looming energy crisis on the continent.

Get the latest news delivered to your inbox

Follow us on social media networks

NEXT Russia, China and Iran Represent New Triangular in Multilateral Diplomacy, Envoy Says
 
c 1976-2021 Arab News 24 Int'l - Canada: كافة حقوق الموقع والتصميم محفوظة لـ أخبار العرب-كندا
الآراء المنشورة في هذا الموقع، لا تعبر بالضرورة علي آراء الناشرأو محرري الموقع ولكن تعبر عن رأي كاتبيها
Opinion in this site does not reflect the opinion of the Publisher/ or the Editors, but reflects the opinion of its authors.
This website is Educational and Not for Profit to inform & educate the Arab Community in Canada & USA
This Website conforms to all Canadian Laws
Copyrights infringements: The news published here are a feed from different media, if there is any concern,
please contact us: arabnews AT yahoo.com and we will remove, rectify or address the matter.