OPEC remains committed to oil production agreement with Russia
The Biden administration has been unable to get Gulf states to increase oil production to bring down prices and some European states are seeking alternatives to Russian natural gas.
The United Arab Emirates’ energy head has endorsed an agreement between the Organization of the Petroleum Exporting Countries (OPEC) and Russia. Energy Minister Suhail al-Mazrouei said that the war in Ukraine should not affect the oil giants’ plans.