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UAE sees no need for OPEC oil production rise

Posted on 24 April 2013

Describing the current demand supply patterns in the world oil market as well-balanced, United Arab Emirates’ (UAE’s) Energy Minister Suhail Al-Mazroui said there is no need for OPEC countries to increase production, Xinhua news agency reported citing a local media report.
Delivering a keynote speech at the opening of the two-day annual Middle East Petroleum and Gas Conference in Abu Dhabi on Monday, Al-Mazroui said that despite rising energy demand in emerging markets in East Asia in particular, many OPEC exporting nations will not be able to increase their oil production, news agency WAM reported………………………………………..Full Article: Source


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