UAE

Abu Dhabi Still Experiencing Marketing Difficulties, Says Otaiba

Despite the recent OPEC realignment of price differentials under which the price of Abu Dhabi's extra light Murban crude was reduced by $1.41/B, Abu Dhabi is still having difficulty in marketing its oil, according to the UAE Oil Minister, Dr. Mana Saeed al-Otaiba. Dr. Otaiba told the local newspaper al-Ittihad in a recent interview that Abu Dhabi was now in a better marketing position as a result of the OPEC agreement...