Navigating Volatile Oil Markets: U.S. Energy Chief Urges Increased Supplies

U.S. Energy Secretary Jennifer Granholm has highlighted the ongoing volatility in oil markets and called for additional supplies to help stabilize prices. Granholm expressed concern about the trajectory of oil prices and emphasized the need for affordable transportation. The U.S. is urging OPEC+ producers to increase output to lower costs and ease the strain on consumers. Granholm also emphasized the importance of transitioning to renewable energy and cooperating with China to address climate change.