Vienna: The UAE will be fully committed to its OPEC production quota, UAE Minister of Energy Mohammad Bin Dhaen Al Hamili affirmed on Wednesday.
Speaking hours before the 156th OPEC ministerial meeting here, Al Hamili said the current level of oil prices is "good". What is important to us is to keep prices at the current levels in order to back up recovery of global economy.
Speaking to reporters upon arrival in Vienna at the head of the UAE delegation participating in the meeting, Al Hamili said the oil market now has an adequate supply of crude oil.
The minister believed that there will be no need to call an extraordinary meeting ahead of the September ministerial meeting, should the situation in the market remains as it is.
