(Bloomberg) -- The U.S. is talking to other energy-consuming nations about how to press OPEC+ to boost output to address the current supply crunch, a senior U.S. official told reporters in Rome.
The leaders will also discuss how they might respond if the 23-nation cartel that includes Russia doesn’t take action, the official said, although he wouldn’t speculate on what those options might be.
More broadly, an intense campaign is being waged to persuade OPEC+ to speed up its output increases, Bloomberg reported earlier, citing multiple diplomats and industry insiders involved in the contacts.
The cartel meets virtually on Nov. 4 to review policy.
Read more: As Oil Races Toward $100, Consumers Tell OPEC+ Enough Is Enough
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