U.A.E. Says Oil Collapse Will Force All Producers to Cap Volumes

  • Consensus on production freeze necessary before OPEC can meet
  • Raising output in short term `is not practical,' Mazrouei says

The oil-price collapse will compel all producers to freeze output and no early OPEC meeting can take place without such a move, the United Arab Emirates’ energy minister said.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.