When oil prices surged during Donald Trump’s term in the White House, OPEC and its allies had to brace for a Twitter storm demanding action to bring prices down.
That has all changed under US President Joe Biden. His team barely uttered a word this month when crude soared to more than $70 a barrel, an almost 40% rise from the start of 2021.
“Biden’s people are busy on other fronts, like fighting the pandemic,” said one OPEC source.
It is not just that Twitter is no longer the preferred means to communicate US demands. OPEC sources say no-one from the Biden administration has even reached out informally to OPEC to complain about the latest oil price rise,
