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UAE says producers trying to define structure for long-term alliance

Reuters  |  NEW DELHI 

By Alex Lawler and Nidhi VermaNEW DELHI (Reuters) - OPEC oil producers and their partners are trying to work out a structure for their proposed long-term agreement on oil supplies, the energy minister for the United Arab Emirates said on Wednesday.Suhail al-Mazroui also told Reuters on the sidelines of the International Energy Forum in India that the agreement may not include a provision on cutting or increasing oil output.The Organization of the Petroleum Exporting Countries, Russia and several other non-OPEC producers began to cut supply in January 2017 in an effort to erase a global glut ...

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First Published: Wed, April 11 2018. 18:19 IST