Al-Marsad newspaper – agencies: The UAE Energy Minister, Suhail Al-Mazrouei, said that the UAE is committed to the OPEC + agreement and its current monthly production adjustment mechanism.
“The UAE believes in the value that the OPEC + group provides to the oil markets,” the minister added on his Twitter account.
The Emirati ambassador to Washington, Yousef Al-Otaiba, had affirmed that the UAE has been a reliable and responsible supplier of energy to global markets for more than five decades, pointing to the importance of stability in energy markets for the global economy.
In a statement published by the UAE embassy in Washington on its Twitter account, Al Otaiba said: “The UAE has been a reliable and responsible energy supplier to global markets for more than 50 years and believes that stability in energy markets is critical to the global economy.”
The statement added: “We prefer to increase production and will encourage OPEC to consider higher production levels.”
The UAE believes in the value OPEC+ brings to the oil market.
The UAE is committed to the OPEC+ agreement and its existing monthly production adjustment mechanism.
– Suhail Al Mazrouei (@HESuhail) March 9, 2022
