Home UAE EnergyMin: Did not discuss allowing producers with spare capacity to fill gaps left by others
FXStreet News

UAE EnergyMin: Did not discuss allowing producers with spare capacity to fill gaps left by others

Following the closed OPEC, non-OPEC meeting in Vienna, United Arab Emirates’ Energy Minister Suhail Al- Mazrouei crossed the wires in the last hour, delivering the key remarks, via Reuters, found below.

  • OPEC will never target a price.
  • Individual output allocation not decided.
  • No decision on allocations due to differences between countries.
  • No number for real output increase.
  • We did not discuss allowing producers with spare capacity to fill gaps left by others.

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.