Monday 6 April 2020

#UAE supports #Saudi call for emergency OPEC+ meeting - Arabianbusiness

UAE supports Saudi call for emergency OPEC+ meeting - Arabianbusiness:

The UAE has backed calls by Saudi Arabia for an emergency meeting of OPEC+ countries to stabilise the global oil market.

Last week, leading world crude exporter Saudi Arabia made the surprise call for a meeting of the OPEC+ oil producers.

The move followed a phone call between US President Donald Trump and Saudi Crown Prince and de facto leader Mohammed bin Salman.

Suhail Al Mazrouei, UAE Minister of Energy and Industry, said: “'A joint and combined effort by all oil producing countries is required, not only the group of OPEC+ countries, in order to address the weakness of demand in the global oil market.”

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