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Oil market set for price corrections by month-end: UAE ministerThe global oil sector will be ripe for more price corrections by the month-end following the Opec- non-Opec deal in December to cut their combined oil output by 1.2 million barrels per day, said Suhail bin Mohammed Faraj Far More… |
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Oil prices dictated by market, not Opec: UAE ministerOpec and its members don’t control oil prices and that the market dictates them, Suhail Mohamed Faraj Al Mazrouei, UAE’s Minister of Energy and Industry was quoted as saying in a media report. "What Opec strives t More… |
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UAE minister attends key Indian CEOs meetingUAE's Minister of Foreign Affairs and International Cooperation Sheikh Abdullah bin Zayed Al Nahyan took part in a round-table meeting in Mumbai, which was attended by CEOs of leading companies in India. He is on an official visit to the c More… |
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UAE minister attends key Indian CEOs meetingUAE's Minister of Foreign Affairs and International Cooperation Sheikh Abdullah bin Zayed Al Nahyan took part in a round-table meeting in Mumbai, which was attended by CEOs of leading companies in India. He is on an official visit to the c More… |
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Opec set to achieve stable oil market, says UAE ministerThe Organisation of Petroleum Exporting Countries (Opec) remains optimistic in fulfilling its goal of delivering sustainable oil market stability, thanks to its co-operation with its key partners, said the UAE Minister of Energy and Industry, More… |
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Investment vital as oil market rebalances, UAE ministerThe collapse in global oil prices between June 2014 and January 2016 led to nearly $1 trillion in investment being frozen or discontinued with "many hundreds of thousands of jobs" being lost throughout the industry, said the UAE energy More… |
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Oil market likely to rebalance this year, says Opec chiefWith the Opec and non-Opec alliance working to eliminate the remaining glut on the oil market amounting to 75 million barrels, the UAE energy minister said stability was slowing returning and the market was likely to rebalance this year. More… |
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Now is the time to invest says UAE energy ministerOil companies that invest during the current downturn in oil prices stand to profit the most when supply and demand comes back into balance, according to the UAE’s Energy Minister Suhail Mohamed Faraj Al Mazrouei. Speaking o More… |
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US oil exports will not affect market: UAE ministerThe end of an oil export ban in the US will not affect market fundamentals, the United Arab Emirates' energy minister said on Tuesday. "As for the decision in the US, every country has the right to take their own decision More… |
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UAE slams 'irresponsible' non-Opec producersOne of the biggest reasons for the slide of oil prices is the "irresponsible" supply from producers outside Opec, the United Arab Emirates oil minister said in a speech on Sunday. Suhail Bin Mohammed Al Mazroui was addre More… |
