Major oil producing nations must “move quick” to cut output, or risk many years of low oil prices. That’s according to former Qatari Oil Minister Abdullah bin Hamad Al Attiyah who says simply freezing production at current levels is not enough. Speaking on the sidelines of an event for the Gulf Petrochemicals and Chemicals Association, he told ARN News that oil producers need to take action now.
Listen

DXB welcomes 31.5 million guests in H1 amid regional disruptions
Apple to launch next iPhone on September 9 in first major event under new CEO
Dubai continues to lead global cities in cultural and creative FDI
Volkswagen CEO faces angry workers in push for radical cuts