The global oil market is at risk of the sort of volatility the gas market is currently witnessing unless proper investment is made, the United Arab Emirates’ energy minister Suhail al-Mazrouei told a forum on Thursday.
Asked whether the OPEC+ group would be ready to increase its production to cool rising oil prices, the minister said that OPEC+ producers have the capacity to do so but do not want to overdo it.
Saudi Arabia to ask foreign energy companies to up domestic input to 70 pct: Sources
Saudi Arabia aims for GDP to reach $1.7 trillion
Putin predicts oil at $100 even as OPEC+ seeks to stabilize global market