![UAE Denies OPEC+ Production Hike Discussions](https://cdn.newsserve.net/ONPglobe256.png)
UAE Denies OPEC+ Production Hike Discussions
The UAE has reiterated that it has not been in any discussions with OPEC members to change the existing agreement, denying talks of a potential production hike first quashed by the Saudi energy minister following a report in the Wall Street Journal earlier Monday. Emphasizing that the most recent OPEC+ agreement is valid until the end of 2023, the UAE said it remained committed to the aim of OPEC+ to balance the oil markets, and “will support any decision to achieve that goal”. Shortly before the UAE’s denial of rumors…
Full Article