U.A.E. Says OPEC Doesn't Plan to Discuss Deeper Oil-Output Cuts
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OPEC and its partners don’t plan to discuss deeper oil-output cuts when they meet next month because they’ve already “done their part” to reduce bloated inventories, the United Arab Emirates energy minister said.
“There is no plan or talks” on further curbs, Suhail Al Mazrouei said Thursday in Paris, where he’s attending an International Energy Agency conference. Increased demand in the third and fourth quarters will help to rebalance the market, he said.