U.S. Energy Secretary Granholm urges urgent increase in oil supplies
U.S. Energy Secretary Jennifer Granholm urged U.S. oil companies to urgently ramp up supplies, if they can, to stabilize the market following the decision to ban Russian oil imports. This is reported RIA News.
“We need to responsibly ramp up supplies in the near term where possible to stabilize the market and minimize damage to American families,” she said.
The head of the Ministry of Energy also noted that the crisis in Ukraine will have very serious consequences for the future of the global energy industry.
Earlier, US Secretary of State Anthony Blinken said that the United Arab Emirates (UAE) promised to increase oil production to mitigate the consequences of a difficult situation in the energy sector. He specified that the country had recently made such an announcement due to the situation in Ukraine.
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