US has not asked OPEC to increase oil output: Al Mazrouei

12/06/2018 Argaam

 

OPEC has not been asked by the United States to boost oil production amid collapsing output in Venezuela and US sanctions on Iran, its president Suhail Al Mazrouei told CNN on Monday.

 

"The US is important to us, but ... we have not received any official communication, or even unofficial communication, from the administration," said Al Mazrouei, who is also the energy minister of the United Arab Emirates.

 

"I can tell you there is no truth in that whatsoever," he told the news channel.

 

Last week, news agencies reported that the Trump administration had "quietly" asked Saudi Arabia and some other OPEC members to increase oil production.

 

The price of crude has fallen since hitting a recent peak of $72 in late May. 

 

OPEC oil producers and Russia are due to meet in Vienna on June 22 to discuss easing supply caps that have been in place since the beginning of 2017.

Comments {{getCommentCount()}}

Be the first to comment

loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.