March 11, 2020 / 11:58 AM / 23 days ago

UAE says disappointed after collapse of OPEC+ agreement

FILE PHOTO: United Arab Emirates' Oil Minister Suhail Mohamed Al Mazrouei speaks during the International Carbon Capture, Utilization and Storage Conference 2020 in Riyadh, Saudi Arabia February 25, 2020. REUTERS/Ahmed Yosri

DUBAI (Reuters) - The United Arab Emirates’ energy minister said on Wednesday he was disappointed after the collapse of the OPEC+ oil cuts agreement which expires at the end of March.

Suhail al-Mazrouei said on his official Twitter account he firmly believed that a new pact is essential to support a balanced and less volatile oil market.

Reporting by Dahlia Nehme; Editing by Maha El Dahan

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