Opec members’ agreement key to balanced market, says UAE – Gulf Today
- Date: 12-Mar-2020
- Source: Gulf Today
- Sector:Financial Markets
- Country:UAE
Opec members’ agreement key to balanced market, says UAE – Gulf Today
The UAE Minister of Energy and Industry Suhail Bin Mohammed Al Mazrouei has said that a new agreement between Opec members is essential to support a balanced and less volatile market.. The UAE Ministry of Energy and Industry firmly believes that a new agreement is essential to support a balanced and less volatile market.". UAE Minister of State and Adnoc Group CEO, Dr Sultan Ahmed Al Jaber has commented on recent market developments, noting that the UAE oil company is set to supply the market with over four million barrels of oil per day in April 2020.. Asian markets also fell, while European markets were steadier following the rate cut by the Bank of England.. While investors wait for health experts to corral the virus, they're hoping big, coordinated moves by central banks and governments around the world can prop up the economy in the interim..