OPEC rejects EU’s demand to pump more oil
We could potentially see the loss of more than 7 million barrels per day (bpd) of Russian oil and other liquids exports, resulting from current and future sanctions or other voluntary actions," OPEC Secretary General Mohammad Barkindo said, reported Reuters
By Shubhangi Mathur
Published - Apr 12, 2022, 12:57 AM ET
Last Updated - Feb 23, 2024, 02:29 AM EST
• The group says it would be impossible to replace volumes of sanctioned Russian oil
The Organization of the Petroleum Exporting Countries told the European Union on Monday it would be impossible to replace volumes of sanctioned Russian oil.
European Union officials and OPEC representatives met in Vienna as Europe considers putting sanctions on oil imports from Russia.
The EU expects the OPEC members to pump more oil in order to replace the Russian oil European nations depends on.
