The UAE has joined a growing OPEC contingent that has been calling for the group to stay the course on production cuts when it meets on December 22.
Raising output to put the brakes on rising crude prices “is not on the agenda”, said Mohammed al Hamli, the Minister of Energy.
Internationally, the oil market remained “a little bit oversupplied” due to stubbornly high global inventories of crude and refined oil products, he said.
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