UAE Minister: Opec Deal to Stay in Place Until Year-End

摘要

The UAE’s energy minister expects the Opec-led output curb deal to remain in place until the end of 2018 and is not concerned about the recent surge in oil prices, which has seen Brent push near $70 per barrel (IOD Jan.11’18). Suhail al-Mazrouei, who is also currently Opec’s president, told reporters on Thursday that he was not concerned about the recent increase in prices, some of which can be attributed to geopolitical concerns, and he sees no need for producers to alter their course aimed at restoring balance to the market.