• OPEC chief pledges to deepen ties with new U.S. administration even as Biden calls for climate action

Market news

20 January 2021

OPEC chief pledges to deepen ties with new U.S. administration even as Biden calls for climate action

CNBC reports that the oil cartel’s Secretary General Mohammed Barkindo told that oil-producing group OPEC will continue to strengthen its relationship with the U.S. energy industry under Joe Biden’s new administration.

Barkindo congratulated Biden for his upcoming inauguration during a virtual panel hosted by the Atlantic Council Global Energy Forum, and said: “We continue to deepen this relationship, which we found mutually beneficial to all of us.”

“And we intend to continue along this fashion going forward and the administration of President Biden,” he told CNBC.

OPEC leaders were known to have at times communicated with outgoing President Donald Trump, who was particularly vocal and active about the oil markets and what he believed oil-producing countries should do to alter crude prices.

Asked if he had been in touch with Biden yet, Barkindo replied: “No, not at all.”

“We believe that we have established very mutually beneficial productive relationships with the industry in the United States. And I think we have no option but to continue to strengthen this relationship under President Biden,” he added.

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