The Russian government said that the cut in oil production by the group balances out the spread of the US's energy market.

The White House accused the oil group of "aligning with Russia" after it cut output. Political pressure is mounting on the Biden administration, which wants to avoid a run-up in gasoline prices in the run up to the elections.

Despite President Joe Biden's efforts to convince Saudi Arabia to increase the targets, the Organization of the Petroleum Exporting Countries and its allies agreed to slash their oil production quota by 2 million barrels a day.

The work of countries that are opposed to the actions of the US is good, according to the Kremlin spokesman.

He said this balances the chaos caused by the Americans.

The Biden administration ordered the release of 10 million more barrels from the US's strategic oil reserve. It is intended to counter a rise in crude prices.

It showed the US was starting to lose its cool.

They are trying to manipulate with their oil reserves. He said that a game like that won't lead to anything good.

In an interview with the Financial Times published on Sunday, Janet Yellen, the US Treasury Secretary, said that the OPEC+ move was "unhelpful and foolish" for the global economy.

She wouldn't say what the White House would do next.

The US is leading a G-7 push to cap the price of Russian oil exports to limit its revenues and to manage the risk of a supply shock. There is a gap in the EU ban on seaborne Russian crude that needs to be plugged, according to the backers of the cap.

Unless it was traded below the set price, Russian crude oil would not be allowed to be handled. According to an S&P Global analyst, the move could change the balance of power between the west and the east.

Russia has threatened to cut its oil production if the plan goes ahead.