India Calls for Producer Sensitivity on Oil Prices, Investors Push for US Outreach to Iran and Venezuela

India's oil minister called for sensitivity from producers as prices rise, citing cooperation during the pandemic.

Investors argue the US should reach out to Iran and Venezuela to increase supply.

Qatar could facilitate negotiations, having mediated talks between the US and many opponents.

Restarting Venezuelan oil exports could help, given its reserves of heavy crude suited to some US refiners.

With sanctions lifted, Venezuela could profit from current high prices and import diluents to process its oil.