Axar.az
UP
24 January 2019


OPEC is not the enemy of the US

Home page Economy
12 Punto 14 Punto 16 Punto 18 Punto

The Organization of Petroleum Exporting Countries is not the enemy of the United States, United Arab Emirates Energy Minister Suhail al-Mazrouei said on Saturday in Abu Dhabi.

Axar.az reports citing Reuters.

“We are complementing each other, we are not enemies here,” he told an industry news conference in Abu Dhabi, addressing the relationship between OPEC and major consuming countries, like the United States.

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 in order to balance the oil market starting from January.

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

Date
2019.01.12 / 13:37
Author
Axar.az
Comments
See also

Inflation in Azerbaijan at 2.3%

President met with Andrey Kostin in Davos

President met with Loic Tassel in Davos

Azerbaijani oil price drops

Azerbaijani currency rates

Biodiesel production to be launched in Azerbaijan

European Union hands Mastercard 570 million fine

Azerbaijani oil price goes up

Energy chief comments on Russia-Ukraine gas settlement

IMF forecasts 3.5% global economic growth

Latest
 
Xocalı soyqırımı — 1992-ci il Bağla
Bize yazin Bağla
ArxivBağla