Before today’s meeting of OPEC+, which consists of Russia and other oil-producing countries allied with the Organization of the Petroleum Exporting Countries (OPEC), members of the group signaled that they won’t concede to Western pressure to boost oil production (NYT) amid supply concerns caused by the war in Ukraine. To lower oil prices, U.S. President Joe Biden is considering releasing as many as one million barrels of oil from a strategic reserve per day over six months.
In Ukraine, a convoy of forty-five buses headed to the besieged port city of Mariupol after Moscow and Kyiv agreed on a fresh attempt (RFE/RL) to create an evacuation corridor. Several similar agreements previously collapsed. Russian Foreign Minister Sergei Lavrov is in India (AFP), which has been reluctant to condemn Russia’s invasion of Ukraine despite Western pressure to do so.
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