UAE Commits to OPEC Oil Production Cut Agreement
The United Arab Emirates (UAE) is committed to the full implementation of the oil production cut agreement with the Organization of the Petroleum Exporting Countries (OPEC).
The United Arab Emirates (UAE) is committed to the full implementation of the oil production cut agreement with the Organization of the Petroleum Exporting Countries (OPEC).
The Organization of the Petroleum Exporting Countries (OPEC) and its allies, led by Russia, may continue the production cut agreement as the market is still oversupplied.
The Gulf members of the Organization of the Petroleum Exporting Countries (OPEC) plan to meet the oil market demand in case of a supply shortage.
Algeria has reduced its oil output by around 24,000 to 25,000 barrels per day (b/d) starting from January 1.
OPEC plans to determine the oil output quotas for its members and its allies to strengthen the crude price.
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