United Arab Emirates Energy Minister, Suhail Al Mazrouei, assured that the OPEC+ bloc is taking appropriate actions to maintain stability in the oil market.
As a significant player responsible for nearly 40% of the world’s crude production, OPEC+’s role is pivotal in managing the market for the collective benefit of producers and consumers. Al Mazrouei emphasized their commitment to address demand and supply dynamics effectively, striving to achieve a balanced market.
During a meeting in India with energy ministers from the Group of 20 nations, he reaffirmed that OPEC+ is working on behalf of all producers globally, aiming to ensure equilibrium between demand and supply for the benefit of consumers as well. The UAE’s dedication underscores OPEC+’s vital role in supporting the stability of the global oil market.
