{"id":651992,"date":"2021-08-16T17:37:05","date_gmt":"2021-08-16T21:37:05","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=651992"},"modified":"2021-08-16T17:37:08","modified_gmt":"2021-08-16T21:37:08","slug":"opec-rejects-bidens-plea-to-boost-oil-output","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/opec-rejects-bidens-plea-to-boost-oil-output\/","title":{"rendered":"OPEC rejects Biden\u2019s plea to boost oil output"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">16<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fopec-rejects-bidens-plea-to-boost-oil-output%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=651992&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div id=\"attachment_2492649\" class=\"wp-caption aligncenter\">\n<p id=\"caption-attachment-2492649\" class=\"wp-caption-text\">Participants attend the opening session of the 15th International Energy Forum in Algiers.<br \/>(RYAD KRAMDI\/AFP via Getty Images)<\/p>\n<\/div>\n<h5>OAN Newsroom<br \/>UPDATED 2:27 PM PT \u2013 Monday, August 16, 2021<\/h5>\n<p>The Organization of the Petroleum Exporting Countries and Russia rejected a plea by Joe Biden to increase oil production by maintaining their comfortability with current prices. OPEC officials told reporters on Monday, there was \u201cno need\u201d to put out more oil to the market at this point.<\/p>\n<p>OPEC+ added the latest decision to boost product by 400,000 barrels per day would remain intact, despite Biden\u2019s call for a bigger increase. Last week, Biden begged both OPEC and Russia to help reduce energy prices and inflation by boosting oil output.<\/p>\n<p>However, OPEC+ said International Energy Agency data did not support Biden\u2019s calls for more oil.<\/p>\n<p>\u201cAs the OPEC+ group has said in many of their meetings, they\u2019re meeting on a monthly basis so they have the opportunity to continue, to halt, or to even reverse the cuts as required by the market,\u201d Oil Market Division Head Troil Bosoni of IEA explained. \u201cSo for now, we think that the market is looking relatively well balanced for the remainder of this year.\u201d<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Gas prices haven\u2019t been this high since 2014 \u2014 the last time Joe Biden was in the White House. Biden is blaming OPEC and gasoline producers when he really should be looking in the mirror to find the problem.<\/p>\n<p>\u2014 Mark Meadows (@MarkMeadows) <a href=\"https:\/\/twitter.com\/MarkMeadows\/status\/1425832781507178496?ref_src=twsrc%5Etfw\">August 12, 2021<\/a><\/p>\n<\/blockquote>\n<p>OPEC and Russia reportedly planned to keep oil prices around $70,000 per barrel and possibly reduce output if global demand fell again.<\/p>\n<h4>MORE NEWS:&nbsp;<a href=\"https:\/\/www.oann.com\/ga-sen-jones-promises-to-investigate-and-expose-voter-fraud\/\">Ga. Sen. Jones Promises To \u2018Investigate And Expose\u2019 Voter Fraud<\/a><\/h4>\n","protected":false},"excerpt":{"rendered":"<p>Participants attend the opening session of the 15th International Energy Forum in Algiers.(RYAD KRAMDI\/AFP via Getty Images) OAN NewsroomUPDATED 2:27 PM PT \u2013 Monday, August 16, 2021 The Organization of &#8230;<\/p>\n","protected":false},"author":7,"featured_media":2315279,"comment_status":"close","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-651992","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/651992","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=651992"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/651992\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=651992"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=651992"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=651992"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}