200 m barrels of inventory will be cut
Suhail Al Mazroui is comfortable about OPEC meeting result
Emirates Energy Minister, Suhail Al Mazroui
Abu Dhabi - Saeed Al Muhairi
Emirates Energy Minister, Suhail Al Mazroui expressed his relief for the results of OPEC’s 172 ministerial meeting and the second ministerial meeting for non-OPEC countries.
Al Mazroui said that, the extended production cut by 1.8 million barrels per day to the first quarter of 2018 will be motive to restore balance to the market, expecting at least 200 million barrels of world inventories to be cut, which will achieve the members’ goal to reach the average trade stock levels for the previous five years, as he feels optimistic about the return of oil investments to the markets.
He said that world demands for oil for this year, are better than the organization has expected, and the third quarter will witness increase in demands for oil derivatives as expected during holidays season because of the increase usage of transportations. He also welcomed the Republic of Equatorial Guinea as a new member in OPEC organization and as a supporting country for production cut agreement.
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Bucharest - SANA
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London - DPA
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Spain - DPA
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Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
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