OPEC need not respond to a rise in oil prices by rushing to change a global supply-cutting pact, United Arab Emirates Energy Minister Suhail al-Mazroui said on Friday.[...]
IEA expects more shale oil production from the United States[...]

Brent futures climbed to $70 per barrel late Thursday amid speculation that some producers may loosen the taps to take advantage of potential higher revenues

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The price of oil rose to its highest levels since December 2014 on Thursday after OPEC ministers re-iterated their stance on limiting the world's oil supplies.[...]
The OPEC/Russia deal for crude oil production cuts could extend beyond 2018, the United Arab Emirates’ energy minister, Suhail al-Mazrouei has suggested. Speaking to CNBC, Al-Mazrouei said "I am expecting that this group of countries that stood and have ...[...]
"We don't look at the price in a day and say we are in a point where we need to do changes. We need to give the market time," Mazroui, who holds OPEC ..[...]
United Arab Emirate energy minister says OPEC's success is such that there is a sentiment of others wanting to join "the clan."[...]

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