UAE to keep cutting oil output to comply with global deal: minister

The United Arab Emirates will continue to reduce its oil output to meet its commitment to a global oil production cut agreement, its Energy Minister Suhail al-Mazroui said.  “As part of UAE compliance with the OPEC agreement, ADNOC announced its December crude oil nomination cut,” Mazroui wrote on his Twitter account. “This reflects the UAE’s continued focus on reducing its oil production by 139,000 (barrels per day) as per its OPEC commitment.” State-owned Abu Dhabi National Oil Co (ADNOC) said last week it has cut the amount of oil supplies to its customers for December by reducing Murban grade by 15 percent, Das grade by 10 and Upper Zakum crude by 5 percent. The Organization of the Petroleum Exporting Countries and allied non-OPEC producers including Russia […]

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