EU-OPEC Meet As Europe Discusses Russian Oil Embargo

The European Union is holding a high-level dialogue meeting with OPEC on Monday, as the EU is looking at ways to step up sanctions against Russia, including by an oil embargo. The meeting, being held in Vienna, is expected to discuss the potential of more supply from OPEC as the EU is considering alternative supply in case it decides to ban oil imports from Russia at some point. Since the Russian invasion of Ukraine, OPEC and the larger OPEC+ group, including Russia, have not commented on the war and have not found the need to boost output more…