UAE ENERGY MINISTER: OPEC IS NOT THE ENEMY OF THE U.S.




Serhat TUNAR –TDO-  Oil producer group OPEC is not the enemy of the United States, United Arab Emirates Energy Minister Suhail al-Mazrouei said on Saturday in Abu Dhabi, according to Reuters.

 “We are complementing each other, we are not enemies here,” Mazrouei told an industry conference in Abu Dhabi, addressing the relationship between the Organization of the Petroleum Exporting Countries and the U.S., a major oil consuming country.

OPEC and other leading global oil producers led by Russia agreed in December to cut their combined oil output by 1.2 million barrels per day from January to prevent a supply glut and boost sagging prices.

The decision came despite U.S. President Donald Trump’s call for the oil exporters’ club to refrain from cutting production, saying it would trigger higher oil prices worldwide.


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