UAE is "fully committed" to the OPEC+ agreement
The United Arab Emirates (UAE) said it is "fully committed" to the OPEC+ agreement, the state news agency WAM reported on Thursday.
The news agency reported that "the ministry of Energy and Infrastructure has affirmed that the UAE remains fully committed to the Declaration of Cooperation (OPEC+) and reiterates that any decisions will be taken collectively by the OPEC+ group in its next Ministerial meeting."
OPEC is to meet on December 1st and OPEC+ is set to meet on December 2nd to discuss the oil supply. The group has not yet responded to the increase in oil supplies by the United States.
The OPEC and its allies have resisted requests from the U.S. to increase oil supply. They said that they will increase the output as previously agreed upon to 400,000 barrels per day (bpd) each month starting December.
KEEPING THE ENERGY INDUSTRY CONNECTED
Subscribe to our newsletter and get the best of Energy Connects directly to your inbox each week.
By subscribing, you agree to the processing of your personal data by dmg events as described in the Privacy Policy.
More oil news
Philippines’ Marcos Seeks to Import LNG From Alaska, Envoy Says
Oil Falls After Weak Technicals Accelerate Supply-Driven Losses
Buffett’s Annual Letter May Give Much Needed Support to Japanese Stocks
Oil Edges Lower With Focus on US Stockpiles, Supply Uncertainty
Oil Climbs With Focus on OPEC+ Output Plans and Ukraine Talks
Diamondback Energy announces $4.08 billion acquisition to expand Permian presence
Oil Holds Declines on Prospect of Higher Russia, Iraq Supplies
Canada’s Conservative Leader Pitches Major Natural-Resource Revamp to Counter Trump
EPA Terminates Nearly 400 Workers Amid US Government Purge
