lEA urges OPEC+ to boost supply as diplomatic pressure for increases builds

摘要

The International Energy Agency on March 18 urged OPEC+ countries to boost output, while Japan's prime minister held what his office called "an intense discussion" on oil prices with Saudi Arabia's crown prince, as international pressure grows for a Middle East response to the Russian supply crunch. Saying the market was "really disappointed" by the OPEC+ alliance's lack of urgency to offset the market's tightness at its last meeting March 2, IEA Executive Director Fatih Birol said he hoped the producer group would act more favorably when it reconvenes March 31.