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United Arab Emirates exceeded OPEC target cuts in Feb - Mr al-Mazrouei

Gasoil News - Published on Fri, 15 Mar 2019

Image Source: Reuters
Reuters citing, United Arab Emirates, Energy Minister Mr Suhail al-Mazrouei as saying that the United Arab Emirates in February exceeded its OPEC target for oil production cuts, achieving 119% of its goal.

Mr al-Mazrouei said that he met with financial executive attending the CERAWeek energy conference to discuss the challenges for financing oil and gas production. OPEC and its allies have instituted production cuts in an effort to shrink global oil stocks and prop up crude prices.

Source :

Posted By : Rabi Wangkhem on Fri, 15 Mar 2019
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