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Oil producers to do 'whatever necessary' to rebalance crude market

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DUBAI Oil producers will do 'whatever necessary' to re-balance a market depressed by trade tensions and global uncertainty, the United Arab Emirates' Energy Minister said yesterday. But Mr Suhail Al Mazrouei warned that with the US-China trade row hanging over the world...

DUBAI Oil producers will do"whatever necessary" to re-balance a market depressed by trade tensions and global uncertainty, the United Arab Emirates' Energy Minister said yesterday.

Deeper production cuts are"not a decision that we take easily," the minister said ahead of the four-day World Energy Congress starting today in Abu Dhabi, where a meeting of oil ministers will be held on Thursday.

 

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