Tag Archives: Suhail bin Mohammed al-Mazrouei

OPEC+, the exporters’ group making corrections in the supply of crude oil, will stick to its plan to incrementally bring 2 million barrels per day back to the markets by the end of the year, the UAE’s energy minister has said. “I think that if things move as they are, …

The Ministry of Energy and Infrastructure and the Japanese Ministry of Economy, Trade, and Industry signed a virtual cooperation agreement to explore the opportunities in the field of hydrogen development. The agreement will expand the joint areas of collaboration and enhance investment in the hydrogen sector, supporting the ambition to …

The U.S. will always play an important role in global energy markets, even though President-elect Joe Biden is likely to be less vocal than President Donald Trump about oil, the UAE’s energy minister told CNBC ahead of Inauguration Day. “The United States of America is a major player now … …

Any attempt by U.S. shale and other oil producers to boost output this year will backfire and lead to lower prices, according to the energy minister of the United Arab Emirates. Oil prices have surged in the past two months with the development of coronavirus vaccines. They jumped again last …

The United Arab Emirates is optimistic about a recovery in oil demand in 2021, but says it won’t be immediate. Rollout of coronavirus vaccines and improvement in ties between the United States and China are likely to improve demand for oil, Energy Minister Suhail Al-Mazrouei told Sky News Arabia. “Recovery …

The UAE achieved 126% compliance with its OPEC+ quota in October, the energy ministry said late Nov. 17, as OPEC’s third largest producer sought to compensate for overproduction in August. The country’s compliance since the cuts were implemented in May is 101%, the ministry said in a statement on the …

The current developments and future prospects of the global oil markets were deliberated on Friday by the oil ministers of the UAE, Saudi Arabia, Kuwait, Bahrain, Oman and Iraq. This came in a conference call where the Saudi Minister of Energy Prince Abdulaziz Bin Salman Bin Abdulaziz Al Saud, Suhail …

United Arab Emirates’ energy minister Suhail Al Mazrouei said on Saturday that an OPEC+ decision to cut oil supply will have a major impact on rebalancing the oil market amid the coronavirus outbreak. “The group’s decision to cut supply will be the largest ever cut in the history which will …

The UAE Minister of Energy and Industry, Suhail bin Mohammed Al Mazrouei, expressed his disappointment after the collapse of the OPEC+ oil cuts agreement, which expires at the end of March. In a series of tweets, Al Mazrouei said that the UAE has ample production capacity that will be quickly …

Rising climate activism in the West and widening use of alternative fuels are putting the strength of long-term oil demand under more scrutiny.