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Current OPEC Voluntary Cuts Enough to Balance Market: UAE

OIL

Voluntary OPEC cuts should be enough to balance the market according to Suhail Al Mazrouei, UAE’s energy minister.

  • He said there have been no requests for the UAE to make further voluntary cuts.
  • “What has been done is adequate for the time being,” he said of the voluntary cuts. “There was no call for a collective effort.”
  • The UAE is well known to be pushing for higher production targets as part of OPEC.

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