UAE Energy Minister on Rejecting OPEC+ Members Production Plan

The transcript discusses the UAE's position on a proposed production agreement by the GMC, highlighting the need for fair treatment and a delay in decision-making to allow the UAE to present its case. The UAE emphasizes the importance of increasing production to meet market demands, especially during the pandemic, and seeks a fair baseline adjustment. The potential for $100 oil is mentioned, but the focus remains on reaching a consensus to increase production by August.

What is the UAE's position on the GMC's proposed production increase?

• They agree but want conditions discussed later.

• They have no opinion on it.

• They oppose it completely.

• They support it unconditionally.

Why does the UAE believe it has a special status in the production agreement?

• It has the largest oil reserves.

• It has the highest production costs.

• It has lost a significant portion of its production capacity.

• It has increased its production capacity.

What is the UAE's stance on leaving OPEC if no deal is reached?

• They have already left.

• They have not threatened to leave.

• They are considering leaving.

• They have threatened to leave.

What is the UAE's perspective on oil production amidst the pandemic?

• They are indifferent to production changes.

• They support increasing production.

• They want to maintain current production levels.

• They want to decrease production.

What is the UAE's goal for the upcoming meeting regarding oil production?

• To agree on increasing production.

• To maintain current production levels.

• To decrease production.

• To postpone any decision.