VIENNA (Reuters) - Core Gulf oil producer United Arab Emirates sided with OPEC leader Saudi Arabia on Wednesday by saying the group should not panic as oil prices would soon stabilise, while ramping up pressure on non-OPEC producers to help balance global supply.
"We are not going to panic, this is not the first time, this is not a crisis that requires us to panic ... we have seen (prices) way lower," UAE Oil Minister Suhail bin Mohammed al-Mazroui told Reuters.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!