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US Oil Request Rejected (reports)
Washington asked Brazil in March to increase its crude oil output to curb soaring prices amid international sanctions against Russia, but Brazil refused. (Reuters)
US govt officials reportedly approached Brazil’s state-run oil company Petrobras but the officials came away empty-handed.
Petrobras said that output levels were determined by business strategy rather than diplomacy and also that a significant short-term production boost would not be logistically possible, according to Reuters.
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