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The United States has asked the Organization of Petroleum Exporting Countries (OPEC) to raise oil output due to high gasoline prices. TASS reported. The US called on OPEC states to raise oil production by 1 million barrels per day. after the U.S. gas prices have reached their highest level in three years. the report said. The U.S. request was discussed at the meeting of the relevant ministers of Saudi Arabia. the United Arab Emirates. Kuwait and Oman in Kuwait this Saturday. After the meeting. the ministers in the joint communique announced the need to support investment in the extractive industry amid the growing demand for oil. In April. the U.S. President Donald Trump formally appealed to OPEC. On his Twitter account he accused the cartel of artificially increased oil prices. Later he announced the U.S. withdraw from a nuclear deal with Iran. and threatened to renew sanctions against one of the world’s largest oil exporters. The issue of production quotas will be discussed at the OPEC meeting on June 22-23. According to A. Novak. Minister of Energy of Russia. the recovery of production may start in Q3 this year. The supply cut agreement is valid until the end of 2018.
