After Opec + refused to accelerate production, the market is waiting for Biden’s response. But the sale of strategic stocks, the only viable measure, risks being ineffective
by Sissi Bellomo
(EPA)
It’s up to the United States to play the next move at the oil table. President Joe Biden has cornered himself, promising countermeasures in case of lack of cooperation with OPEC + and at this point to avoid losing face, something will have to do, whether it is a sale of strategic reserves (as it is considered more likely) or otherwise. The market expects this after the coalition of producers rejected pressure from Washington, refusing to speed up plans to open …
