UAE to host key OPEC meeting

Friday, 12 July 2019 13:16

The UAE has been chosen to host a key OPEC meeting later this year.

The Joint Ministerial Monitoring Committee meeting will be held in Abu Dhabi in September.

It was announced on Thursday following the release of the 2020 oil market forecasts in OPEC’s July Monthly Oil Market Report.

According to the report, global economic growth is expected to remain steady at 3.2 percent in both 2019 and 2020.

The report added that the second half of 2019 expecting to see "seasonally strong demand" based on "the recent draws in US crude oil stocks."

More from UAE

Tunisian Zoubeir Jlassi wins $1million AI film award for 'Lily'

Tunisian filmmaker Zoubeir Jlassi has won the first $1million AI film award for his short movie 'Lily'.
20 content creators chosen for Mr Beast-led '1 Billion Acts of Kindness' campaign

Twenty content creators from around the world have been chosen to join Youtube star MrBeast in the "1 Billion Acts of Kindness" campaign that aims to unify individual acts into a global humanitarian movement.
UAE calls for protection of diplomatic buildings after damage to Qatar embassy in Kyiv

The UAE has underscored the importance of protecting civilian and diplomatic buildings, as well as the residences of embassy staff, in accordance with international law after Qatar's Embassy in Kyiv was damaged amid shelling in the city.
H.H. Sheikh Mohammed attends 1 Billion Followers Summit

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, attended the fourth edition of the 1 Billion Followers Summit, the world’s largest gathering dedicated to the content creation economy.