Biden is calling on G20 members with spare capacity to boost production in a bid to ensure a stronger global economic recovery
French President Emmanuel Macron echoed those concerns in an interview with the Financial Times, urging the summit to push for better “visibility and stability on prices” to avoid undermining the post-pandemic global economic recovery.
A senior U.S. administration official said after the G20 session that energy-consumer nations had started to discuss what they can do if OPEC and its partners do not do more. Russia, a major natural gas supplier to Europe, and its energy giant Gazprom are being urged to do more to ease prices in the spot market.
That official said G20 leaders would not specifically target the Organization of the Petroleum Exporting Countries , which includes Saudi Arabia, or set any targets for energy production.Comments from Russian Deputy Prime Minister Alexander Novak earlier this month sparked fresh tensions over the Nord Stream 2 undersea gas pipeline from Russia to Germany, which Washington has long opposed and which is now awaiting clearance from a German regulator.
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