G20 energy talks open in Houston as Iran conflict disrupts fuel markets

The United States has opened G20 energy meetings in Houston, Texas, promoting “energy abundance” as the conflict involving Iran continues to disrupt global fuel markets.

Delegations from China, India, Japan, Germany, Canada and Saudi Arabia are attending or expected to attend the meetings, which are scheduled to run through Wednesday. Russia is also expected to send officials, according to Russian diplomats, although its participation has not been confirmed.

The talks will focus on access to affordable, reliable and secure energy supplies. They come as oil and gas prices rise and European countries struggle to replenish gas storage ahead of winter.

Russia’s expected inclusion has disappointed Ukraine’s European allies, who had supported efforts to exclude Moscow over its war with Ukraine, France 24 reported.

The source also reported sharply higher fuel prices in the United States, citing the American Automobile Association. Average diesel prices have reached US$6.20 a gallon, while regular petrol is 44 per cent more expensive than before the war.

US Energy Secretary Chris Wright and Interior Secretary Doug Burgum are expected to attend the Houston meetings.