2023-07-23 05:13:55
Dubai – UAE Minister of Energy Suhail Al Masouri said that the steps taken by the producer countries to reduce fuel production will help to stabilize the fuel market.
No further action is required in the present situation. But, he said, there is an opportunity to renew the decision at any time with a phone call. OPEC countries are continuing their efforts to stabilize the market by controlling oil production from 2020.
The OPEC meeting, where new positions can be taken, will not be held until November. However, the meeting to evaluate the current decisions will be held on August 4. He said that the UAE is not worried regarding a major reduction in fuel demand.
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