France Wants Iran, Venezuela Return to Oil Markets

An offshore platform in Iran - Credit: NIOC (file photo)
An offshore platform in Iran - Credit: NIOC (file photo)

France wants sanctions-hit Iran and Venezuela to return to the oil markets to alleviate a Russian squeeze of energy supplies that has spiked prices, a French presidency official said on Monday.

It also wants a planned mechanism to cap the price of oil to be as broad as possible and not be limited to Russian output.

The French official also said Ukrainian President Volodymyr Zelenskiy told G7 leaders on Monday morning that the conditions were not right to negotiate with Russia and wanted to be in a position of strength before began any negotiations.


(Reporting by John Irish; writing by Philip Blenkinsop; editing by Angelo Amante)

Current News

Makin' a List ... Trump Prioritizes Energy Exploration, Production, Export

Makin' a List ... Trump Priori

Ørsted to Shed Part of its UK Wind Farm Stake - Bloomberg News

Ørsted to Shed Part of its UK

Uncertainty Surrounds Guyana Gas Development

Uncertainty Surrounds Guyana G

Using Ocean Robots to Dive into Offshore Wind Farm Wake Effects

Using Ocean Robots to Dive int

Subscribe for OE Digital E‑News

Offshore Engineer Magazine