iPhone | iPad
Android
Huawei
The men in green are touring Australia for a three-match Test series, which is also being deemed as David Warner's farewell series
KT APPDOWNLOAD
Opec to act if war halts Iraqi oil: Nasseri
ABU DHABI UAE Petroleum and Mineral resources Minister Obaid bin Saif Al Nasseri said yesterday that Opec would act to cover any break in Iraqi supplies if war erupts, but said it was too early to say whether the group would suspend its output quotas.
The Organisation of Petroleum Exporting Countries has repeatedly sought to assure jittery oil markets that it stands ready to fill any shortage resulting from an interruption of Iraq’s two million barrels per day (bpd) of exports.
"If something drastic happens, then we have to discuss that event and take necessary action," Nasseri told reporters after meeting his Russian counterpart Igor Yusufov in Abu Dhabi. "The producers will carry out their responsibility." OPEC, due to hold a policy meeting on March 11, has raised output limits twice this year to cover for an unexpected strike in Venezuela, with most members - except Saudi Arabia and the UAE - now pushed to full capacity.
A Gulf source said earlier this week that OPEC kingpin Saudi Arabia would support a temporary suspension of quotas if an attack on Iraq halted supplies from the world’s eighth largest exporter. OPEC Secretary General Alvaro Silva said on Friday that a suspension of the quota system had yet to be discussed. UAE’s Nasseri also said it was too early to look into this option.
More news from
‘Doing nothing’, ‘staying idle’ and ‘whiling away time’ have become old-fangled ideas in a world where ‘savings’ and ‘retirement funds’ are getting wiped out by inflation and rising standards of living
The Declaration to Triple Nuclear Energy Capacity by 2050 has been endorsed by the Heads of State of nine countries
When we choose to look away for good, we are as complicit as those at the helm of this atrocity
According to the case report, the victim could not perform his work for over 20 days due to sustained injuries
The winner, who was in disbelief after his win, plans to consult with his mother and wife to explore options on how to utilise the prize money
Over 100 people in Lebanon have been reported killed during the hostilities started on October 7
Antonio Guterres commends Sheikh Mohamed for establishing $30 billion fund for global climate solutions