Monday, October 25, 2021

Saudi energy minister pushes back on UAE request over baseline oil output, says Arabiya TV

Must read

imageCommodities43 minutes ago (Jul 04, 2021 04:26PM ET)

(C) Reuters. FILE PHOTO: Saudi Arabia’s Minister of Energy Prince Abdulaziz bin Salman Al-Saud speaks via video link during a virtual emergency meeting of OPEC and non-OPEC countries, following the outbreak of the coronavirus disease (COVID-19), in Riyadh, Saudi Arabi

DUBAI (Reuters) – Saudi Arabia’s energy minister said on Sunday that no country can use a single month as a baseline production reference, after the United Arab Emirates asked for a review of the level from which OPEC+ cuts are calculated, Al Arabiya TV said.

The Saudi-owned television channel also quoted Prince Abdulaziz bin Salman as saying he was neither optimistic nor pessimistic about OPEC+ talks due to resume on Monday.

The Organization of the Petroleum Exporting Countries and its allies failed to reach a deal on oil output policy for a second day running on Friday after the UAE opposed some aspects of the pact.

Saudi energy minister pushes back on UAE request over baseline oil output, says Arabiya TV

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Latest article