Mazrouei (U.A.E, OPEC):


U.A.E. Energy Minister Suhail Al Mazrouei speaked at Abu Dhabi conference:

OPEC won’t support highest-cost producers by pumping less oil in effort to lift prices
I don’t think we are going to change our mind
UAE oil output capacity at more than 3mln barrels per day
Expecting gradyal increase in oil prices
Oil prices unsastainable at current levels

Nothe that according to Bloomberg data OPEC has exceeded its official output target for 16 consecutive months.