UAE hails Opec+ ‘noble’ efforts to balance global oil market ahead of key meeting, says ‘would be in chaos’ without group

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Organisation Of The Petroleum Exporting Countries,Oil Markets,United Arab Emirates UAE

Minister makes comments hours before Opec+ committee meets Says many moving factors in short term including geopolitics Comments echo those of Russia’s Novak on Monday Says...

UAE hails Opec+ ‘noble’ efforts to balance global oil market ahead of key meeting, says ‘would be in chaos’ without group

“I would like you to imagine the world without this group. We would be in chaos,” Mazrouei said speaking hours before a planned virtual meeting of an Opec+ committee. Mazrouei would not comment on the outlook for oil in 2025, saying that there were many moving parts, including geopolitics. “I think there are so many moving parts of the world, including geopolitics, that put us all on pause when we predict the future. We hope for peace, we hope for prosperity, but facts of life are facts of life.”

 

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