UAE: OPEC+ Capable Of Raising Oil Production If There's Demand

The OPEC+ group has the capability to increase its crude oil supply to the market if there is demand, according to one of the key members of the coalition, the United Arab Emirates (UAE). The UAE has the capacity to boost its own crude oil supply to the market in case the market needs it and the OPEC+ alliance endorses it, Suhail al-Mazrouei, the UAE's Energy Minister, told Dubai-based Asharq TV channel as carried by Reuters.

Despite the UAE's reassurance that market demand will be met, the OPEC+ group ignored calls from the U.S. Administration…