Biden Pushes G-20 Energy Producing Countries to Boost Production

Biden Pushes G-20 Energy Producing Countries to Boost Production
(L-R) British Prime Minister Boris Johnson, French President Emmanuel Macron, German Chancellor Angela Merkel, and U.S. President Joe Biden, pose for the media prior to a meeting at the La Nuvola conference center for the G20 summit in Rome, Italy, on Oct. 30, 2021. Stefan Rousseau/Pool/Getty Images
Reuters
Updated:

ROME—U.S. President Joe Biden on Saturday urged major Group of 20 (G-20) energy producing countries with spare capacity to boost production to ensure a stronger global economic recovery as part of a broad effort to pressure OPEC and its partners to increase oil supply.

With oil and gas prices surging, some energy-producing countries such as Russia and Saudi Arabia have not boosted output enough to satisfy countries that are largely energy consumers and worry about energy shortages and inflation.