Italian prime minister Mario Draghi has floated the creation of a “cartel” of oil consumers, following a meeting with US president Joe Biden that included talks on revamping energy markets triggered by Russia’s invasion of Ukraine.
Speaking to reporters on Wednesday in Washington, Draghi said he and Biden shared a “dissatisfaction” with the structure of global energy markets and had discussed the “general concept” of capping prices of both oil and gas.
The Italian prime minister and the US president met at the White House on Tuesday in order to continue co-ordinating their positions on Russia’s invasion of Ukraine and the economic fallout from the conflict.
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