Wednesday 13 December 2017

UAE says too early to talk about exit strategy from oil cuts

UAE says too early to talk about exit strategy from oil cuts:

"United Arab Emirates Energy Minister Suhail al-Mazroui said that it was premature to talk about an exit strategy from the current global supply cut agreement between OPEC and non-OPEC producers. “It is... too early to speculate about the agreement’s exit strategies at this time; this will be a collective discussion between OPEC and its non-OPEC partners at the appropriate time in the future,” Mazroui said in a statement on Wednesday. “At present, our absolute focus remains on meeting the terms of the current agreement, which runs to the end of December 2018.”"



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