US Worried Energy Supply Not Meeting Demand, Top Biden Adviser Says

The U.S. was engaged in “detailed diplomatic engagement” with energy producers, added Jake Sullivan, President Joe Biden’s national security adviser.

Robin Emmott, Reuters

President Joe Biden’s national security adviser urged energy suppliers on Oct. 7 to lift flows to meet demand, saying that the U.S. was concerned about their failure to do so.

Rocketing gas prices, with the European benchmark up almost 600% this year, have been fueled by low inventories and surging demand as economies recover from the COVID-19 crisis.

“The United States has a real concern that, for a variety of reasons, supply is not keeping up with recovering demand,” Jake Sullivan told reporters after meetings with the EU in Brussels, where he discussed the gas issue.

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