Friday, 20 April 2018

More countries needed in OPEC, non-OPEC pact: UAE's Al Mazrouei | ZAWYA MENA Edition

More countries needed in OPEC, non-OPEC pact: UAE's Al Mazrouei | ZAWYA MENA Edition:

"Further oil producers need to join Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC producers in curbing supply, UAE oil minister Suhail Mohamed Al Mazrouei told a German newspaper.

"OPEC members and non-OPEC producers over-delivered on the supply cuts they promised... But we must include further countries in the pact," the Handelsblatt newspaper quoted him as saying in an interview published on Friday.

OPEC members, Russia and other non-OPEC producers have reduced output since January 2017 aiming to reduce inventories and support prices.
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