Former Treasury Secretary Lawrence H. Summers has expressed his concerns over the decision of OPEC+ after the alliance reduced its output by 2 million barrels per day, a decision that has not gone well with the Biden administration.
“This is not good news from OPEC. It increases the risks with respect to inflation and recession. The sense that Saudi Arabia is in collaboration of some kind with Russia, can't be a happy one for Americans,” Summers tweeted about his interaction on CNN.
