InvestorQ : Is it true that UAE wants to increase oil supply?
Arusha Ray made post

Is it true that UAE wants to increase oil supply?

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2 months ago
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One of the reasons oil prices fell by $15/bbl on Wednesday was that UAE had spoken strongly in favour of increasing oil supply. This came in the form of a tweet by the UAE Embassy in the US, which quoted a statement by the UAE ambassador to the US suggesting making the most of spare capacity. Since Saudi Arabia is the biggest player in the OPEC, the assumption is that this statement has the blessings of Saudi Arabia also.

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