Suhail Al Mazrouei added in a statement that there is a need for a joint and unified effort from all the oil producing countries and not only the countries of the group (OPEC +).
Al-Mazrouei continued, saying that the UAE is confident that if an agreement is reached, all producers will work in a speed and cooperation to meet the weak demand for oil in global markets and strive to restore balance to the market. Maintaining global oil stocks at reasonable levels.
US President Donald Trump said today, Monday, that his country will impose very large fees if oil prices remain the same despite his saying that he does not think he will need Therefore, it clearly means that the United States does not want foreign oil.
Oil prices have fallen by nearly two-thirds this year after Corona disrupted demand and as Russia and Saudi Arabia, the two major oil producers, increased their production in a war over a market share. >
