Germany urges OPEC to raise production, warns against profiteering from sanctions

Published by
Reuters UK

By Riham Alkousaa and Alexander Cornwell ABU DHABI (Reuters) – German Economy Minister Robert Habeck added his voice to Western appeals for OPEC to increase oil production and said Gulf states should not profit from global sanctions against Russia over its invasion of Ukraine. OPEC heavyweights Saudi Arabia and the UAE have resisted Western calls, including from the United States, to use their spare oil output capacity to tame prices that have surged as the invasion prompted fears of supply disruptions. “I’m not asking that they join the sanctions … but I ask not to be a profiteer of Europea…

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