Skip to main content

OPEC remains committed to oil production agreement with Russia

The Biden administration has been unable to get Gulf states to increase oil production to bring down prices and some European states are seeking alternatives to Russian natural gas.
KARIM SAHIB/AFP via Getty Images

The United Arab Emirates’ energy head has endorsed an agreement between the Organization of the Petroleum Exporting Countries (OPEC) and Russia. Energy Minister Suhail al-Mazrouei said that the war in Ukraine should not affect the oil giants’ plans. 

“We always believe that whatever we do as countries, when it comes to production and this work, it needs always to stay out of politics,” said Mazrouei at the Atlantic Council’s energy forum in Dubai. 

Access the Middle East news and analysis you can trust

Join our community of Middle East readers to experience all of Al-Monitor, including 24/7 news, analyses, memos, reports and newsletters.

Subscribe

Only $100 per year.