UAE Says OPEC+ Output Cut Was Correct Decision, No Politics Behind It

UAE Says OPEC+ Output Cut Was Correct Decision, No Politics Behind It
An OPEC flag is seen on the day of OPEC+ meeting in Vienna in Vienna, Austria, on Oct. 5, 2022. Lisa Leutner/Reuters
Reuters
Updated:

ABU DHABI—The United Arab Emirates believes OPEC+ made the correct technical choice when it agreed to cut production targets and the unanimous decision had nothing to do with politics, energy minister Suhail al-Mazrouei said on Tuesday.

His comments came after several members of the oil producers group endorsed the steep cut to output targets agreed this month after the White House accused Saudi Arabia of coercing some other nations into supporting the move, a charge Riyadh denies.