United Arab Emirates

OPEC supply cut compliance rises in March as UAE joins pact

OPEC supply cut compliance expected to reach 95 per cent Analysts anticipate OPEC members’ compliance with the cartel’s output reduction agreement to reach 95 per cent in March as the United Arab Emirates cut output this month and production disruptions in Nigeria and Libya, countries exempted from the OPEC supply cut pact. A Reuters survey showed the […]

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Oil cap: UAE energy minister refuses to discuss tentative deal

Russia, Saudi Arabia, Qatar, Venezuela agree in principle to oil cap DUBAI, United Arab Emirates _ Dodging reporters’ questions, the United Arab Emirates’ energy minister refused Wednesday to discuss a proposed cap to crude oil production agreed to by four oil-producing countries the day before, raising new questions about the proposal aimed at stabilizing global prices. Minister

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United Arab Emirates minister of economy says $80/b oil ‘ideal’

International Energy Agency not optimistic, says oil prices will remain weak The UAE’s minister of economy, Sultan al-Mansouri, said Sunday that an oil price of $80 /b would be “ideal” as the global economy tentatively moves towards higher growth. Anticipating a pick up in the global economy in the second half of 2016, Mansouri, speaking

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