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kpete

(71,991 posts)
Wed Mar 9, 2022, 01:19 PM Mar 2022

UAE to encourage fellow Opec members to boost oil production

The UAE will encourage fellow Opec members to increase oil production levels as the Russian invasion of Ukraine has driven crude prices to their highest levels in more than a decade, a senior official said.

The UAE is the first Opec member to call for the alliance to increase production since Russia invaded Ukraine.

“we favor production increases and will be encouraging #OPEC to consider higher production levels."


MORE:
https://www.ft.com/content/81630924-deb4-4ee8-abed-006a90972bb0#post-55ca2fe5-70e6-43ad-81bf-c91c08edad3c
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