You're reading: New York Times: OPEC and Russia won’t expand oil output faster, in a rebuff to President Biden

New York Times: OPEC and Russia won’t expand oil output faster, in a rebuff to President Biden

By New York Times.

Published Nov. 5, 2021. Updated Nov. 5 at 7:49 am

A man makes a phone call outside the OPEC headquarters during the 177th Organization of Petroleum Exporting Countries (OPEC) meeting in Vienna, Austria, on Dec. 6, 2019.

Photo by AFP

Officials from the Organization of the Petroleum Exporting Countries, Russia and other oil-producing nations shook off pressure from the Biden administration and decided on Thursday to stick with their previous plan to raise oil production by a modest 400,000 barrels a day next month.