putting pressure on OPEC

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The United States is in discussions with other energy consumers on how to pressure OPEC+ to increase production address the current supply shortfall, a senior U.S. official said.

The official said the leaders would also discuss how to respond if the 23-member coalition, which includes Russia, does act.

Earlier, diplomats industry insiders said there was an intense campaign under way to persuade OPEC+ to step up production.

Speaking Friday at the G20 summit in Rome, Saudi Arabia's King Salman bin Abdulaziz said his government seeks "balance" in the energy market.

"The Kingdom will continue to play a leading role in economic, health global recovery, to find a balance in the energy market to achieve security stability," Salman bin Abdulaziz said.

OPEC will meet on November 4 to review policy.

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Source: Zhitong Finance

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