UAE Energy Minister: OPEC+ mission is to stabilize the market
29.03.2022, 06:40

UAE Energy Minister: OPEC+ mission is to stabilize the market

UAE Energy Minister Suhail Mohamed Al Mazrouei said on Tuesday, “we have one mission in OPEC+, which is stabilizing the market.”

Additional comments

We are not taking sides today and saying this is right or wrong inside the OPEC+ organization.

Our aim is to calm the market and come up with the volumes, if we ask someone to leave, we would raise the prices which is against what consumers want.

We cannot squeeze some partners out of OPEC+, countries can select from which resources they buy but we can't decide for the world.

We have seen crises and wars before and we stayed on course and delivered.

Difficult to predict future of market volatility, issues like whether Iran barrels will come into the market or not and whether or not investments will be made to replace lost barrels hanging.

Lack of investments in oil and gas will catch up with us down the road, we need to incentivise investments.

More barrels will be needed in the future and few countries are putting resources to develop them.

We believe there will be growth in demand, we're seeing it.

Market reaction

WTI is rebounding 1.70% on the day, trading at $104.35, as of writing. The black gold tumbled on Monday after Shanghai entered into a phased lockdown due to the coronavirus resurgence.

© 2000-2025. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik