UAE Cabinet Reiterates Backing for $18/B Price
The UAE Cabinet has publicly reiterated its support for OPEC efforts todefend the official reference price of $18/B and limit production to the ceilingof 15.06mn b/d, with a view to stabilizing the oil market. This announcementwas made after a meeting of the UAE Cabinet on 18 January, presided over by theDeputy Prime Minister, Shaikh Hamdan bin Muhammad.
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