Tag Archives: Suhail bin Mohammed al-Mazrouei

UAE remains optimistic about achieving a market balance during the first quarter of 2019.

Producers are ready to renew the agreement or increase cuts in case the market does not balance.

OPEC and non-OPEC producers will hold an extraordinary meeting and do what is necessary to balance the market.

The UAE pumped 3.175 million bpd in October and boosted further its output in November by 71.000 bpd to 3.246 million bpd.

Qatar has an oil output of 600.000 barrels of oil per day. compared to Saudi Arabia’s 11 million bpd output.

The Saudis are working hard on the cut. But if Russia says no cut. then OPEC won'.t cut.

Oil ministers from the Organization of the Petroleum Exporting Countries meet on Thursday in Vienna.

The capital plans to boost oil output capacity to 4 million bpd by 2020 and 5 million bpd by 2030.

The United Arab Emirates (UAE) is seeking to increase its oil output by 5 million barrels per day by 2030.

The U.A.E. is committed to abiding by the sanctions and will look for condensate supplies from countries other than Iran.