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Opec ‘ready to meet short supply in market’Opec member countries, primarily the UAE and Saudi Arabia, are ready to meet global oil market needs in case of any politically-motivated fall in supply, said Suhail bin Mohammed Faraj Faris Al Mazrouei, Minister of Energy and Industry, and Pres More… |
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UAE minister says 'okay with oil above $80'UAE Oil Minister Mohammed Al Hamli said there was still some oversupply in the global oil market and that he was not concerned with prices hovering above the $80 threshold. Oil prices hovered near $82 per barrel on Friday, after rising dur More… |
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Output hike 'not on Opec agenda'UAE Oil Minister Mohammed al-Hamli said on Saturday raising oil production was not currently on the agenda for Opec. 'Right now increasing production is not on the agenda,' Hamli added. Hamli also said the market was 'a little More… |
