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"The OPEC + Oversight Committee will meet in Abu Dhabi on September 12 to badyze the situation in the oil market and make recommendations to maintain market equilibrium," wrote Mazrouei on Twitter.
"The fundamentals of the oil market are good, global oil stocks are down and demand is still at a good level."
"I am confident that OPEC + will maintain its strong commitment to achieving agreed production levels," said Mazrouei.
"The UAE is committed to reducing the agreed output and is ready to continue its commitment to ensure a balanced market," he said.
At their meeting on December 7, 2018, OPEC + member ministers decided to reduce oil production by 1.2 million barrels a day starting in January 2019 for a six-month period. , Including OPEC countries cutting their total production by 800,000 barrels a day and non-OPEC countries – 400,000 barrels a day. Russia has agreed to reduce production by 228,000 barrels a day from the level reached in October 2018.
Here are the details of the current UAE Minister of Energy: the meeting of the Committee to monitor the implementation of the OPEC + agreement in Abu Dhabi on September 12 of this year. day, we hope that we have managed to provide you with all the details and all the news, to follow you.
It should be noted that the original news has been published and available on SputnikNews. It has been confirmed by the editorial team of Gulf 365 and may have been modified and fully transferred or cited. You can read and follow the developments of this news from its main source.
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