The UAE opens its annual oil-and-gas summit as industry weathers Mideast wars and awaits US election
ABU DHABI, United Arab Emirates — The United Arab Emirates opened its annual oil-and-gas summit on Monday as it plans to increase the country’s energy output as global prices stay volatile and world politics remain uncertain ahead of the U.S. presidential election.
But the UAE as a whole still plans to increase its production capacity of oil to 5 million barrels a day in the coming years as it pursues more cleaner energies at home. Meanwhile, UAE officials have made a point to dodge any questions about the U.S. election while maintaining their close ties to Russia despite Moscow’s war on Ukraine.
Crude oil prices have been depressed this year. Benchmark Brent crude traded around $74 a barrel on Monday as prices have dropped after concerns over the ongoing Mideast wars growing into a regional conflict faded in recent days.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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