The UAE Energy Minister Mohammed Bin Dha’en Al-Hamili said the Organization of the Organization of the Petroleum Exporting Countries (OPEC) does not interfere in crude oil prices.
“Current crude oil prices do not reflect the market fundamentals,” Al-Hamli told reporters upon arrival in Cairo, Egypt to chair the 85th Ministerial Conference of the Arab Organization of Petroleum Exporting Countries (OAPEC) scheduled tomorrow Saturday.
“OPEC members’ commitment to production quotas is good”, he added.
“The UAE’s production is the same as the production quota set by OPEC, the UAE Energy Minister noted.
