Tag Archives: Suhail bin Mohammed al-Mazrouei

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.

OPEC is currently scheduled to meet on June 25.

Producers are capable of filling any market gap and that relaxing supply cuts is not the right decision.

The global inventories particularly in the U.S. inventories are high and are still rising.

OECD oil inventories as of March stood 22.8 million barrels above the five-year average.

The UAE can raise production to 3.5 million barrels per day. only if needed.

18 ministers had already confirmed they would attend the event.

The UAE’s output at the end of January according to secondary sources cited by OPEC was 3.078 million bpd.

This prestigious accolade was awarded last year to Khali Al-Falih.