UAE Energy Minister: Saudi-Russian Agreement is Positive Step for Balancing the Global Oil Market

  • 2/5/2023
  • 15:59
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Abu Dhabi, Dhu-AlHijjah 3, 1437, Sep 5, 2016, SPA -- Suhail bin Mohammed Al-Mazroui, UAE Minister of Energy, stressed that the Saudi-Russian cooperation is a positive step for the two biggest oil producers in the world in order to achieve a balance in the oil market as well as in the interest of the producers and consumers. In a statement to WAM, the UAE minister confirmed that the United Arab Emirates, as OPEC member, is keen to support and contribute in any joint effort to achieve balance in the oil market. He added that his country lauds cooperation between the Kingdom of Saudi Arabia and Russia in the field of energy, particularly in the oil sector. --SPA 19:49 LOCAL TIME 16:49 GMT www.spa.gov.sa/w

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