United Arabian Emirates Energy Minister Suhail bin Mohammed al-Mazrouei: OPEC is ready to cooperate to lower oil production

Market news

12 February 2016

United Arabian Emirates Energy Minister Suhail bin Mohammed al-Mazrouei: OPEC is ready to cooperate to lower oil production

United Arabian Emirates (UAE) Energy Minister Suhail bin Mohammed al-Mazrouei said on Thursday that the Organization of the Petroleum Exporting Countries (OPEC) was ready to cooperate to lower oil production.

He noted that low oil prices will help to rebalance the oil market due oil output reductions.

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