President Joe Biden's energy adviser said the oil production cuts by Saudi Arabia and its allies were largely a political move that will not deter the U.S. administration from trying to curb domestic energy prices.

Amos Hochstein, who has been involved in U.S. oil diplomacy with Saudi Arabia this year, said the actual cuts under the OPEC+ decision to reduce production targets by 2 million barrels a day starting in November would only amount to about a quarter of the total.

“So the impact on the market is not going to be as significant,” he said on CBS’s “Face the Nation” on Sunday. “So this was more a of a big political statement that OPEC has made.”

Last week, Biden announced the release of an additional 15 million barrels from U.S. emergency reserves and said he had asked his team to prepare for further releases if necessary, in an effort to curb gasoline prices.