The United Arab Emirates will take part in an upcoming meeting in Doha between Opec and non-Opec oil producers, the Gulf state's energy minister said on Thursday.
"We received an invitation to participate in the Doha meet
Oil producers in Iraqi Kurdistan, including Gulf Keystone Petroleum and Genel, have started ramping up deliveries to the local market at the expense of foreign sales after months of unpaid export bills.
Opec oil exporters on Thursday, set to leave output policy unchanged, were weighing the impact of rising supplies of US shale oil that are redrawing the landscape of global oil trade.
The Organization of the Petroleum Exporting Co
Major Middle Eastern oil producers will step in to fill any gap caused by supply shortages this year, the IEA's chief economist Fatih Birol said on Friday, while global energy demand will eventually recover from a fall caused by economic slowdown.