Abraham said that the U.S. government would be discussing prices with the OPEC this weekend.
He did not say what price he considered suitable for crude oil futures.
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US Energy Secretary: Everything's Gonna Be All Right
The U.S., in its turn, was considering the raising its own refining capacity
The United States are eager to persuade OPEC that oil supply meets growing demand, but are also looking at increasing its own refining capacity.
U.S. Energy Secretary Spencer Abraham said on Thursday, "We believe the price of oil is too high as demand is outpacing supply."
Abraham said that the U.S. government would be discussing prices with the OPEC this weekend.
He did not say what price he considered suitable for crude oil futures.
But he said that the U.S., in its turn, was considering the raising its own refining capacity and hoping for a relaxation of tougher gasoline specification laws.
Abraham said that the U.S. government would be discussing prices with the OPEC this weekend.
He did not say what price he considered suitable for crude oil futures.
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