This is the "insult" of Biden

Organization of the Organization of the Petroleum Exporting Countries (OPEC) and the non -OPEC oil country held the 31st Ministerial Meeting on the 3rd on the 3rd, which decided to increase the production slightly in September this year and increase the monthly monthly output of the month by 100,000 barrels. As soon as the news came out, a number of US media mocked the President Bayeng's trip last month, thinking that Biden was "faced".

The United States CNN reported on the 3rd that this "symbolic increase" undoubtedly slapped the previously promoting OPEC ’s increase. Last month, Biden visited Saudi Arabia in the context of high U.S. oil prices to promote inflation, and urged Saudi Arabia to increase production in OPEC to help flat suppression of oil prices. Although the United States and Saudi Arabia did not reach a clear agreement at that time, the White House officials have followed the subsequent claim that it is "optimistic" in increasing crude oil production. CNN said that the "OPEC+" minister will be the first "OPEC+" heavy meeting after Bayeng's visit to Saudi Arabia last month. Now you can clearly see that Biden's almost "political gambling" and Saudi Arabia have not worked.

Reuters quoted market analysis that the increase of 100,000 barrels per day was the smallest increase since OPEC established the quota system of crude oil in 1982. From the perspective of supply and demand in the global market, it will have no substantial effects. In a political sense sex". Bloomberg columnist Brass ironically said: "Bayeng took the Air Force No. 1 to Saudi Arabia's consumed fuel, which may be more than 'OPEC+' this time agreed to increase production. Affected by the lack of sanctions and industrial investment, "OPEC+" increased production is indeed difficult.

Global Times Zhen Xiang

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