Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.

  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password.

In this list

OPEC still aims to continue oil market management with Russia: UAE oil minister

Energy | Oil | Crude Oil | Gasoline | Coronavirus

Signs of China's oil demand recovery emerge


Platts Market Data – Oil

Oil | Refined Products | Fuel Oil | Shipping | Dry Freight | Marine Fuels | Tankers

Mediterranean Bunker Fuel Conference, 9th Annual

Oil | Crude Oil

UAE pumped 2.4 million b/d in May in line with its OPEC+ quota: source

OPEC still aims to continue oil market management with Russia: UAE oil minister

Vienna — OPEC remains intent on making permanent its oil market managementpartnership with Russia and other non-OPEC partners, UAE energy ministerSuhail al-Mazrouei said Wednesday.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

This is despite some members looking to roll back the OPEC/non-OPECsupply cut agreement.

Mazrouei said maintaining long-term control of oil supplies to stabilizethe market is necessary to incentivize investments in new production tomeet projected demand.

He added that OPEC would seek to institutionalize the partnership by theend of the year, when his stint in the rotating OPEC presidency ends.

"The oil demand outlook continues to look robust in the future," Mazroueisaid in prepared remarks at the OPEC Seminar. "It is important to rememberwhat happened to investment levels over the past few years and not to forgetit."

OPEC and 10 non-OPEC allies, led by Russia, are in a 1.8 million b/dsupply cut agreement scheduled to run through the end of the year, aimedat rebalancing the oil market.

But some members, notably Saudi Arabia and Russia, are seeking to raisequotas, to the objection of others, including Iran, Iraq and Venezuela.

Mazrouei did not address the negotiations over the future of the supplycuts, but said OPEC is "constantly monitoring the rebalancing process."

"We will do what is necessary to maintain stability and support globalenergy security in the interests of both consumers and producers," he said.

-- Staff,

-- Edited by Geetha Narayanasamy,