First sign of oil price relief: UAE says it wants OPEC to increase production

Oil prices retreat as UAE proposes Opec+ increase oil production at a faster pace

Emirates remains committed to existing agreement of 23-member oil producer alliance, energy minister says

First sign of oil price relief: UAE says it wants OPEC to increase production

The oil market has been stretched incredibly thin, with few producers willing — or able — to replace Russian barrels banned by the United States and shunned by others. Enter

UAE says OPEC+ should boost oil output, setting up tension in the group

According to a person familiar with the situation, the UAE hadn’t consulted other OPEC+ members before its ambassador to Washington made his statement.

UAE says it is committed to OPEC+ agreement, monthly mechanism

The United Arab Emirates is committed to the OPEC+ agreement and its existing monthly production adjustment mechanism, its energy minister said on Wednesday, hours after the Arab country's ambassador to Washington said it favors an output increase.

Oil price dips as UAE endorses increased production

Global oil prices have skyrocketed due to the Russian invasion of Ukraine.

UAE in favor of oil production increase, will urge OPEC to consider: Al Otaiba

A senior Emirati diplomat said Wednesday that the UAE was in favor of production increases, adding that his country would encourage OPEC to consider such a