Over the past years, Russia has expressed heightened interest in exploring and producing oil and gas in Africa.
The Group of Seven urged OPEC to pump more oil, even as it made new pledges to try to fight climate change.
Analysts said the inventory draw and the prospect of an EU embargo on Russian oil were pushing prices higher
The European Union’s REPowerEU seeks to reduce the European Union’s dependency on Russian fossil fuels and accelerate the transition away from carbon-intensive energy sources.