U.S. President Joe Biden is disappointed. U.S. President Joe Biden is disappointed by OPEC+’s decision to cut production quotas, according to a White House statement from National Security Advisor Jake Sullivan and NEC Director Brian Deese. “At a time when maintaining a global supply of energy is of paramount importance, this decision will have the most negative impact on lower- and middle-income countries that are already reeling from elevated energy prices,” Sullivan and Deese said in the statement. “At the President’s direction, the Department of Energy will deliver another 10 million barrels from the Strategic Petroleum Reserve to the market next month, continuing the historic releases the President ordered in March,” Sullivan and Deese added. “The President will continue to direct SPR releases as appropriate to protect American consumers and promote energy security, and he is directing the Secretary of Energy to explore any additional responsible actions to continue […]