White House Races to Block Expected OPEC+ Production Cut
The White House is engaged in a desperate, last ditch effort to convince OPEC+ members to vote against a proposed production cut at Wednesday's meeting of the oil producing cartel.
Members of the Biden administration have been"pulling out all the stops," reaching out to partners in the Persian Gulf and warning of drastic consequences if a cut is announced, multiple sources tell CNBC. WASHINGTON -- The White House is engaged in a desperate, last-ditch effort to convince OPEC+ members to vote against a proposed production cut at Wednesday's meeting of the oil producing cartel, according to multiple sources familiar with the effort.
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