UAE supports Saudi comments on possible oil output cuts, source says

UAE supports Saudi comments on possible oil output cuts, source says

DUBAI - The United Arab Emirates is aligned with Saudi Arabia’s thinking on crude oil markets and supportive of its recent comments, a source with knowledge of the matter told Reuters on Friday.

OPEC’s de facto leader Saudi Arabia on Monday flagged the possibility of introducing production cuts to balance an oil market it described as schizophrenic.

(Reporting by Maha El Dahan Editing by David Goodman )