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UAE Energy Minister Suhail Al Mazrouei said in a tweet on Twitter that the UAE would continue to support measures to balance the oil market and that he was confident that OPEC and its partners would take similar measures.
He added that the joint ministerial follow-up committee of OPEC producers and non-OPEC countries would meet in Abu Dhabi on 12 September to review the oil market situation and make recommendations on the oil market. to maintain the balance and stability of the world's oil markets.
Al Mazrouei said the fundamentals were good, "global oil stocks are down and demand is still at a good level" despite a "temporary correction" in the speculative-driven market.
"I am confident that OPEC + will continue its strong commitment to achieving agreed production levels."
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