UAE implements OPEC cuts

UAE implements OPEC cuts
UAE energy minister Suhail bin Mohammed al-Mazroui
Published: 11 January 2017 - 11:50 a.m.
By: Reuters

The United Arab Emirates has spoken to its customers about oil supply cuts under the global agreement among producers, and is now implementing those cuts, UAE energy minister Suhail bin Mohammed al-Mazroui told reporters on Wednesday.

The impact of the output cuts by OPEC and non-OPEC producers is expected to be felt by the middle of this year, he added, predicting that growth in demand for oil would continue.

Click here to add your comment

Please add your comment below
Name
Country
Email
Your email address will not be published
Captcha