More oil now: Why the US is calling on OPEC+ to boost production

US government data show petrol prices climbed 2.4 percent in July from the previous month, leading the White House to urge OPEC+ to boost production more quickly.

Turn on the taps — and quickly. That’s the message the administration of United States President Joe Biden sent to the Organization of the Petroleum Exporting Countries (OPEC) and its allies on Wednesday, imploring them to do more to support the global economic recovery and ease the painfully high prices Americans have been experiencing at the petrol pump. “President Biden has made clear that he wants Americans to have access to affordable and reliable energy, including at the pump,” US National Security Advisor Jake Sullivan said in a statement Wednesday urging OPEC and its allies led by Russia, known as OPEC+, to further unwind production cuts — and fast.