Friday 25 July 2014
 
»
 
»
Story

UAE sees no need to reduce oil output

Abu Dhabi, January 16, 2013

The United Arab Emirates does not see the need to cut oil production, the UAE's oil minister said after being asked whether his country would follow Saudi Arabia's big reduction in output in late 2012.

"No. At the moment we are just producing the way we are," Mohammed Al-Hamli told journalists in Abu Dhabi.

"The market is well balanced... Well maybe it's a little bit over supplied but generally it is well supplied," he said. – Reuters




Tags: Saudi Arabia | UAE | Oil output |

More Energy, Oil & Gas Stories

calendarCalendar of Events

Ads

Buy high quality China wholesale Health & Beauty , Electronics, Sports & Outdoors , Computers, Video Games, Toys & Hobbies Cell Phones, Automobiles and other wholesale products directly from reliable Chinese wholesalers or Factories on DHgate.com