UAE: Most oil producers support the idea of ​​a long-term alliance


UAE Energy Minister Suhail bin Mohammed al-Mazrouqi said on Thursday that the majority of oil producers involved in the current agreement to cut crude supplies support the idea of ​​a long-standing alliance between producers.
“I think the idea per se appeals to most, if not all, countries,” Mazrouqi said on the sidelines of the World Energy Forum.
“The ultimate goal is for this group to work together for longer than those two years in which we work together,” he said.
The Organization of the Petroleum Exporting Countries (OPEC) and producers from outside, such as Russia, have agreed to cut oil production to support crude prices.

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