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UAE is fully committed to OPEC+ agreement, has no “prior stance”

by Mike Robinson

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© Reuters.

DUBAI, (Reuters) – The United Arab Emirates remains fully committed to the OPEC+ accord and has not taken any “prior stances” prior to the Dec. 2 state media WAM reporting on Thursday. It cited the energy ministry.

On Tuesday, Suhail Al-Mazrouei, Energy Minister, told journalists that there was no logic to his country’s supplying oil more to the global market when all indications pointed to an increase in supply in the first quarter next year.

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