U.S. Energy Secretary Jennifer Granholm has expressed concern over the volatility in Oil Markets and called for additional supplies to curtail prices. She emphasized the need for stable supply to ensure affordable transportation for people. Some members of OPEC+ are voluntarily cutting production, but Granholm urged for more output. The Biden administration is focused on lowering oil prices to ease the burden on consumers. Granholm also highlighted the importance of transitioning to renewable energy and cooperating with China on deploying clean energy to address climate change.

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