September 25, 2022

Dubai Week

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United Arab Emirates Energy Minister: We are committed to the “OPEC +” Agreement

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UAE Energy Minister Suhail Al Masroui said the United Arab Emirates is committed to the OPEC + agreement and its current monthly production adjustment mechanism.

“The United Arab Emirates believes in the value that OPEC + Group provides to the oil market,” the minister added on his Twitter account.

Youssef Al-Odaiba, UAE Ambassador to Washington, confirmed that the UAE has been a reliable and responsible energy supplier to global markets for more than five decades, highlighting the importance of stability in energy markets for the global economy.

The UAE Embassy in Washington posted on its Twitter account, “The UAE has been a reliable and responsible energy supplier to global markets for over fifty years, and believes stability in energy markets is of paramount importance to the world. Economy. “

The statement added: “We want to increase production and encourage OPEC to consider higher production levels.”

It is noteworthy that an agreement to increase or decrease production is made by the OPEC + panel, which meets monthly.

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