Suhail Al Mazrouei, the UAE Energy Minister, said that his country will continue to reduce crude oil production under an agreement between the oil producers until the global market reaches equilibrium.

Al Mazrouei added: The Emirates will continue to support the voluntary production reduction agreement for OPEC countries and the alliance from outside by fully adhering to its share until it reaches the market to the desired balance. < / p>

Al Mazroui said in a tweet on Twitter: "In compliance with the agreement to reduce production between OPEC countries and the alliance of countries from outside, the commitment of the UAE to its share in the reduction in February came in a rate that exceeds Its share of its desire to reach the balance and stability of the world oil market as quickly as possible.

The Organization of the Petroleum Exporting Countries (OPEC) and major non-OPEC producers such as Russia have pledged to cut their oil production to reduce the abundance of supply.

Namazon Services..programmed technical analysis platform ... for Emirati, Saudi, and global markets >

With your support, we continue to provide valuable content and smart solutions for investors, to discover opportunities in the local and global markets

To more:

Dubai real estate financing offers up to 20 years