Tuesday, 23 March 2021

OPEC+ won't pump more oil than market can handle - #UAE energy min | Reuters

OPEC+ won't pump more oil than market can handle - UAE energy min | Reuters

The United Arab Emirates’ energy minister said on Tuesday that OPEC+ is unlikely to pump more oil than the market can handle.

“I don’t think there is an idea to pump a lot of oil, more than the market can handle,” Suhail al-Mazrouei told Forbes Middle East in an interview when asked about possible scenarios for the OPEC+ meeting on April 1.

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