Italy’s Mario Draghi proposed a “cartel of buyers” to US President Joe Biden as a way to deal with OPEC Italian Prime Minister Mario Draghi said on Wednesday that he discussed setting up a “cartel” of oil buyers in order to persuade the OPEC countries to produce more oil, as well as imposing price caps on oil and gas, when he met with US President Joe Biden. Draghi told reporters that he and Biden shared a “dissatisfaction” with how global energy markets were structured and discussed the “general concept” of capping both oil and gas prices, when they met on Tuesday. “We are both dissatisfied with the way things
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