OPEC told the European Union on Monday that current and future sanctions on Russia could create one of the worst shocks to oil supplies and that it would be impossible to replace them.
OPEC Secretary-General Mohamed Barcido made the remarks in a meeting with EU officials on Monday, according to a transcript of a speech seen by Reuters.
The European Union (EU) on Monday reiterated its call for a meeting with OPEC to see if they can increase supplies to help reduce the sharp rise in oil prices, a European Union official told Reuters. Commission.
EU representatives at the meeting in Vienna also stressed that OPEC has a responsibility to ensure a balance in the oil markets, the official said.
Source: Capital
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