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Monday 28 March 2022 - 23:45
UAE Minister Says Energy Market Needs Russian Oil
Story Code : 986168
“And leaving the politics aside, that volume is needed today,” al Mazrouei said, according to Reuters.
“Unless someone is willing to come and bring 10 million barrels, we don’t see that someone can substitute Russia.”
Led by Saudi Arabia and Russia, the alliance has the capacity to increase oil output and bring down crude prices that have soared past $100 a barrel.
The United States, European nations, Japan and others have been calling on Persian Gulf Arab oil producers to do more to help bring down prices.
Britain's Prime Minister Boris Johnson paid an in-person visit this month to the UAE and Saudi Arabia, where he raised the issue.
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