UAE energy minister said OPEC members ready to cooperate
The price of oil today approached a new low of $26.21 per barrel today, the lowest since May 8, 2003, when it hit $26, before bouncing up on news of a possible production cuts from OPEC. The Wall Street Journal’s Summer Said reported on Twitter that the UAE’s Energy Minister Suhail bin Mohammed al-Mazrouei said the group was ready to make cuts, but saw non-OPEC production falling in the future.

“The positive thing is the current market is forcing everyone not to increase output,” sai...

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