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OPEC+ able to increase oil supply in case of market demand, UAE minister tells Asharq
Reuters
Last Updated IST
United Arab Emirates' Minister of Energy and Infrastructure Suhail Mohamed Al Mazrouei. Credit: Reuters Photo
United Arab Emirates' Minister of Energy and Infrastructure Suhail Mohamed Al Mazrouei. Credit: Reuters Photo

The Organisation of Petroleum Exporting Countries and its allies, the group is known as OPEC+, are able to increase oil supply if there is market demand, United Arab Emirates Energy Minister Suhail al-Mazrouei told Asharq TV channel.

The UAE has the capacity to supply additional volumes of crude to the market if needed and if agreed by the OPEC+ group, he said in an interview to the Dubai-based channel.

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(Published 08 November 2021, 14:10 IST)