UAE Energy Minister: The oil production cut is not politically motivated

UAE Energy Minister Mazroui said on October 18 local time that the decision made by the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC oil producers to significantly reduce oil production earlier this month was not politically motivated
.

Mazroui said at a press conference in Abu Dhabi that OPEC+'s decision to cut production this time is based entirely on economic considerations, aiming to stabilize the energy market and bring oil prices to a level acceptable to
all parties.
UAE Energy Minister Mazroui said: "I want to stress once again that OPEC's internal decisions are not politically motivated
.
OPEC is made up of more than 20 countries, and it is difficult to make a politically motivated unanimous decision
.
”

OPEC members, led by Saudi Arabia, and non-OPEC producers such as Russia decided on May this month to cut production sharply since November this year, cutting monthly production by an average of 2 million barrels
per day from August production.
This decision caused dissatisfaction
in the United States.
The US media recently disclosed that the White House had asked Saudi Arabia to suspend the implementation of the decision to reduce oil production significantly, but the latter "straightforwardly" refused
.
Saudi officials confirmed that this was the case
.