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December 09
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U.S. President Joe Biden expressed disappointment with the OPEC+ countries' decision to cut oil production and said that the United States was considering alternatives.

Despite the decision, Biden assured that he had no regrets about his summer trip to Saudi Arabia, which he said was focused on the Middle East.

OPEC+ agreed to drastically cut oil production, curbing supply in an already tight market and raising the possibility of higher gasoline prices right before the U.S. midterm elections in November.

"We're looking at what alternatives we may have," Biden told reporters at the White House when asked about OPEC's decision.

"There's a lot of alternatives. We haven't made up our minds yet," he said.

Asked if he regretted his decision to go to Saudi Arabia, Biden said the trip was not about oil. "The trip was about the Middle East and about Israel and ... rationalization of positions," he said. "But it is a disappointment," he added of the OPEC+ decision.

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