UAE energy minister says OPEC+ will never target a certain oil price
- Country:
- United Arab Emirates
The United Arab Emirates' energy minister Suhail al-Mazrouei told the ADIPEC energy industry event in Abu Dhabi on Monday that OPEC+ never targets a certain oil price, when asked about the risk of higher prices for the health of the global economy.
He said that as a producer group, OPEC+ cares "that the price is right for consumers but right for the consumers for a very limited time only is short-sighted," adding that more investment in needed in oil and gas.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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- ADIPEC
- The United Arab Emirates'
- Abu Dhabi
- Suhail al-Mazrouei
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