July 5, 2023 7:11 PM

UAE Energy Minister Announces No Further Voluntary OPEC plus Oil Production Cuts

The United Arab Emirates (UAE) has announced that it will not be implementing any additional voluntary oil production cuts as a part of the OPEC plus agreement, according to the country's Energy Minister, Suhail Al Mazrouei. The UAE believes that its current efforts are sufficient in contributing to the supply curbs set by OPEC plus.Speaking to reporters in Vienna, Minister Al Mazrouei highlighted the significant disparity between the UAE's current oil output and its full producti...