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Commodities

25 Nov 2021

UAE Will Offer Complete Support to OPEC+ Decisions

UAE Will Offer Complete Support to OPEC+ Decisions

The Index Today

The energy ministry said the United Arab Emirates will show complete commitment and cooperation with the OPEC+ agreement. The upcoming OPEC+ meeting on 2nd December will be attended without ant prior stance on the matter.

The energy ministry also stated that all and any decisions taken by the OPEC+ will gain full support of the nation. All OPEC countries including Russia will conduct policy meetings in December for policy making. Many oil producing countries are critical of the decision to increase supply of oil. The U.S has requested OPEC+ countries to increase production and exceed the previous 400,000 barrel excess per day.

©Photo: reuters.com