World Bank chief says Gulf producers role critical in dampening oil volatility

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World Bank chief says Gulf producers role critical in dampening oil volatility
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The World Bank president said on Wednesday Gulf oil producers could play a key role in dampening oil and gas price volatility in coming months.

Several consuming nations have urged OPEC+ to increase output at a faster rate, as crude prices have surged, hitting their highest since 2008 this month at over $139 a barrel.

"We are already seeing the GCC countries willing to invest quickly in hydrogen and help move the entire industry down the cost curve," Malpass said.

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