UAE intends to work with OPEC+ on stability of global oil market

News Department
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The UAE intends to work with OPEC+ partners to ensure stability in the global oil market, the country’s Energy Minister Suhail Mohammed Faraj Al Mazroui said, Report informs referring to TASS.

“We are committed to working with our colleagues in OPEC and OPEC+ and are meeting regularly to review the situation and make decisions that will ensure global market stability,” the minister told UAE news agency WAM on the sidelines of the World Government Summit in Dubai.

On November 30, 2023, several OPEC+ countries decided on additional voluntary reductions in oil production for the first quarter of 2024, the total volume of which will be 2.2 million barrels per day.

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