The EU’s energy commissioner, Andris Piebalgs, has called on the oil cartel, Opec, to restart talks to raise the production ceiling of oil by half-a-million barrels a day.
During a two-day summit between the EU and the Gulf Co-operation Council in Kuwait over the weekend, the Commissioner pushed for increased oil production and asked for help to guarantee the continent’s future energy supply, the Financial Times reported.
The call came as US oil prices hit a new record overnight o...
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Lisbeth founded EUobserver in 2000 and is responsible to the Board for effective strategic leadership, planning and performance. After graduating from the Danish School of Media and Journalism, she worked as a journalist, analyst, and editor for Danish media.