UAE supports oil production freeze -Minister

Abu Dhabi-Mubasher: The UAE supports the production-freezing initiative if all OPEC members and Russia follow suit, said the UAE Minister of Energy Suhail Al Mazrouei.

Al Mazrouei added in a tweet, “We believe that sustaining oil production levels will positively help balancing the future demand with the current oversupply in the market”

He noted that his country is open to cooperate with all oil producers toward mutual interest of the market stability, according to his twitter account.

Mubasher Contribution Time: 17-Feb-2016 17:27 (GMT)