UAE CUTS OUTPUT
BLOOMBERG - OPEC and allied oil producers should extend their production cuts beyond March to help re-balance the market, the United Arab Emirates said, adding weight to a gathering consensus for longer reductions in output among participants in the global accord.
The U.A.E. favors maintaining the cuts, which are set to expire at the end of the first quarter, Minister of Energy Suhail Al Mazrouei said. The fourth-largest member of the Organization of Petroleum Exporting Countries staked out its position a day after OPEC Secretary-General Mohammad…
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