UAE energy minister says new OPEC+ agreement key to balance market

He is "disappointed" about the failure to reach an agreement

OPEC, OPEC+, Suhail al mazrouei

UAE Energy Minister Suhail Al Mazrouei said that a new agreement between OPEC and its allies would be key to ensuring a stable oil market.

In a series of tweets, he expressed disappointment at the failure to come to an agreement, and said that the UAE has "ample production capacity that will be quickly brought online".

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Oil & Gas Middle East - June 2020

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