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What oil bosses are saying about the global energy crisis

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Mandatory Credit: Photo by TANNEN MAURY/EPA-EFE/Shutterstock (12838596f)An aerial photo made with a drone shows the ExxonMobile refinery near Joliet, Illinois, USA, 07 March 2022. According to the White House, the US Department of Energy has approved the release of 2.7 million barrels of crude oil from the Strategic Petroleum Reserve to ExxonMobile as the US sees gas prices at the pump jumping to a national average record high of 4.104 US dollars a gallon. The record is 4.103 US dollars per gallon set in July 2008.ExxonMobile to receive crude oil from the Strategic Petroleum Reserve, Joliet, USA - 07 Mar 2022

MOHAMMAD BARKINDO, secretary-general of the Organisation of the Petroleum Exporting Countries (OPEC), reflected upon the dramatic geopolitical developments of the past few weeks as he addressed a ballroom in Houston this week. Thousands of oil executives have gathered in the world’s petroleum capital for CERAWeek, an energy conference organised annually by S&P Global, a financial-information provider. He observed that the OPEC cartel has…

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