Home UAE Energy Minister: Market needs a decrease in oil output

UAE Energy Minister: Market needs a decrease in oil output

Published date: 4 Dec. 2018 | 13:02

The UAE’s Minister of Energy Suhail Al Mazrouei was out with his comments in the last hour, saying that the objective of OPEC+ is to balance the oil market.

Key quotes:

“¢ Important that everyone is on board on any OPEC+ deal.
“¢ There is a requirement for an adjustment in oil production.
“¢ The market needs a decrease in oil output.
“¢ Qatar’s production is not significant to OPEC.

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