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UAE expects oil production to increase in October and second to meet demand

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rocky
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UAE expects oil production to increase in October and second to meet demand

Post by rocky on Thu 11 Oct 2018, 1:55 am

UAE expects oil production to increase in October and second to meet demand



UAE Energy Minister Suhail Al Mazroui said on Thursday that the UAE had begun increasing its oil production in the third quarter of this year and expects further increase in October and November to meet market demand.
"The UAE remains committed to working with its OPEC and non-Opec partners to ensure balance and stability in the market in the interests of both producers and consumers," Mazrouei wrote in his official account on Twitter.
He added that the production of the Gulf member OPEC member in December "will depend on customer demand" and that the UAE's production capacity of oil will be 3.5 million barrels per day by the end of the year.


    Current date/time is Mon 15 Oct 2018, 11:17 pm