UAE Energy Minister praises OPEC+ for stabilizing global oil market with 48% world supply.

UAE Energy Minister Suhail Al Mazrouei lauded OPEC+ for its significant role in stabilizing the global oil market, despite the group not holding the majority of oil production. He highlighted OPEC+'s unity and sacrifices as essential for market balance, noting that the group supplies 48% of the world's oil. Al Mazrouei's remarks came before an upcoming OPEC+ committee meeting, underscoring the importance of collaboration in maintaining stability amid global challenges.

October 02, 2024
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