DUBAI: UAE OPEC Governor Ali al-Yabhouni said on Monday the United Arab Emirates was committed to supplying all its customers with all their energy needs.
"Markets continue to show a degree of volatility that ignores the fundamental reality that producers still have enough spare capacity to satisfy all requirements. At the same time stocks are at a healthy level showing that there is plenty of oil in the market and in storage."
He also told the Gulf Intelligence Energy Markets Forum in Dubai: "The UAE is firmly committed to making its own contribution to market stability by ensuring that clients have all the oil that they require." (Reuters)
