UAE energy minister says OPEC, allies aim to cooperate beyond 2018

UAE energy minister says OPEC, allies aim to cooperate beyond 2018:

"United Arab Emirates Energy Minister Suhail bin Mohammed al-Mazroui said on Tuesday that OPEC and non-OPEC oil producers will continue their cooperation beyond 2018 to help avoid any future oil glut or shortage.

Mazroui said oil market monitoring beyond 2018 is the minimum OPEC and other producers participating in the supply-reduction agreement can do, adding that he expects that a framework cooperation will be presented to all members in June.

 Speaking at an energy conference in London, he added that the UAE, Saudi Arabia, and Russia support extended energy cooperation beyond 2018."



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