You want us to do what, Joe?
It's not very often that a leader of a large oil producing nation calls on other oil producing countries to actually pump more oil. But this is what Joe Biden asked for at the G20 a couple of weeks ago. This isn't the first time his administration has asked OPEC+ to pump more oil. They asked back in July for additional volumes. However, for now at least, OPEC+ appear committed to their stated pathway of boosting crude by 400kbd per month. The new targets began in August, and it is hoped that 2 million b/d will be added to the group's total output by the end of the year. However, some members of the group have not been capable of raising their output. There are production difficulties in Angola, Nigeria, Libya, and Malaysia, which could mean that other countries with spare capacity, such as Saudi Arabia and the UAE, may have to increase output.
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