![FILE PHOTO: Oil pours out of a spout from Edwin Drake's original 1859 well that launched the modern petroleum industry at the Drake Well Museum and Park in Titusville, Pennsylvania U.S., October 5, 2017. REUTERS/Brendan McDermid/File Photo](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/4STMCLKB3W6RNAB5O2BXZGDQZE.jpg?smart=true&auth=70c41bad34fbdbe837cef3fb97089cc172dbfb41e18ae279ff8283ca6b2cd9b3&width=400&height=225)
Oil prices have retreated from 14-year highs but remain above $100 a barrel. Reuters
Oil prices have retreated from 14-year highs but remain above $100 a barrel. Reuters
Oil prices retreat as UAE proposes Opec+ increase oil production at a faster pace
Emirates remains committed to existing agreement of 23-member oil producer alliance, energy minister says