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UAE to continue to comply with OPEC-non-OPEC oil output cut deal - Minister

11 March 2019 03:19 (UTC +04:00)

UAE Energy Minister Suhail Al Mazrouei said his country would continue to follow the production restricting agreement by OPEC countries and a number of non-cartel producers, until the oil market is re-balanced, ONA reports citing Sputnik.

"We will continue to deliver on the OPEC & Non-OPEC commitment for voluntary production adjustments, until the global market is re-balanced," Al Mazrouei wrote on Twitter.

The minister also noted that in February, the UAE will fulfil or even exceed its obligations to restrict production in accordance with the OPEC-non-OPEC agreement.