The US Treasury called the decision of OPEC + to cut oil production "useless and unreasonable"

“I think that the OPEC decision is useless and unwise – it is not known what impact it will ultimately have, but it certainly seems inappropriate to me in the circumstances that we are facing,” she said in an interview with the Financial Times.

Yellen also noted that the United States is concerned about the situation in developing countries and the problems they face.

On October 5, oil producers OPEC + at a meeting agreed to reduce production by 2 million barrels per day from November.

After that, Washington said that American leader Joe Biden was disappointed with the decision of OPEC+.

According to Bloomberg columnist Bobby Ghosh, Biden should deal a painful blow to Saudi Arabia for a joint agreement with OPEC + and Russia to reduce oil production by 2 million barrels per day.