DUBAI -- OPEC+ blamed capacity constraints for a meager oil output increase in response to pleas from U.S. President Joe Biden to open the taps wider, but experts are citing another reason for the stinginess: Russia.
Experts see country's role affecting group's bid to prevent sharp fall in prices
The logo of the Organization of the Petroleum Exporting Countries (OPEC). OPEC+, which includes Russia and other producers, announced on Wednesday an output hike of 100,000 barrels a day to start next month. © Reuters
DUBAI -- OPEC+ blamed capacity constraints for a meager oil output increase in response to pleas from U.S. President Joe Biden to open the taps wider, but experts are citing another reason for the stinginess: Russia.