The UAE reduced its oil production by nearly 200,000 barrels per day this month due to maintenance works, Suhail bin Mohammed Faraj Faris Al Mazrouei, Minister of Energy, said.

Al Mazrouei, who was speaking on the sidelines of the Global Manufacturing and Industrialisation Summit (GMIS 2017) in Abu Dhabi, expected the cut will continue over the next two months, said a Wam news agency report.

He added that a drop in crude stockpiles is expected to lead to an increase in demand.

There are talks among Opec members about a possible extension of the output cut agreed earlier. The organisation will discuss that during its upcoming meeting in April, he added.