UAE will boost oil output if necessary, says minister

Seoul: The UAE will boost oil output if necessary, UAE Minister of Energy, Mohammad Bin Dhaen Al Hamli, said on Sunday.

"We are always happy to put more oil in the market if the market needs more," Hamli said. He declined to say whether output will increase in June.

Saudi Arabia has boosted output by 300,000 barrels per day.

The Organisation of the Petroleum Exporting Countries will not schedule an emergency meeting ahead of the next gathering in September, Al Hamli said.