Rome : The G-20 countries have agreed on close co-ordination between producers and consumers on issues relating to energy prices, French President Emmanuel Macron said.

Speaking to reporters in Rome at the conclusion of the G-20 summit on Sunday, Macron said that the significant increase and volatility in gas and oil prices has weakened global growth. 

There is a need for co-ordination between producer and consumer states when it comes to energy, Macron emphasized, saying that relevant agreements were reached at the G-20 summit.

US State Department Senior Advisor for Global Energy Security, Amos Hochstein, said on Thursday that gas and oil suppliers have a responsibility to ensure capacity to meet global demand in order to avoid crises like the one unfolding in Europe. 

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