First sign of oil price relief: UAE says it wants OPEC to increase production - FR NEWS

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Wednesday 9 March 2022

First sign of oil price relief: UAE says it wants OPEC to increase production

The oil market has been stretched incredibly thin, with few producers willing — or able — to replace Russian barrels banned by the United States and shunned by others. Enter the United Arab Emirates, which suggested it may be coming to the rescue.

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