Suhail Al Mazrouei, UAE's minister of energy, said the country is a "committed member" of Opec. Victor Besa/The National
Suhail Al Mazrouei, UAE's minister of energy, said the country is a "committed member" of Opec. Victor Besa/The National
Suhail Al Mazrouei, UAE's minister of energy, said the country is a "committed member" of Opec. Victor Besa/The National
Suhail Al Mazrouei, UAE's minister of energy, said the country is a "committed member" of Opec. Victor Besa/The National

UAE reiterates support for Opec+ output agreement


Jennifer Gnana
  • English
  • Arabic

The UAE reiterated its commitment to the Opec+ alliance, which has been undertaking production cuts to regulate the market ahead of the group’s annual meeting.

"The UAE has always been a committed member to Opec and we have demonstrated this commitment through our compliance to the current Opec+ agreement," UAE energy minister Suhail Al Mazrouei said in a statement to The National.

The UAE, which accounts for 4.2 per cent of global output, according to BP’s Statistical Review of World Energy is the third-largest producer within Opec. Abu Dhabi pledged to make compensatory cuts last month after it produced above its quota over the summer in order to tap into associated gas required for higher power consumption during the peak season.

"As a reliable and long-standing member of Opec, we have always been open and transparent in all our decisions and strategies in support of Opec,” Mr Al Mazrouei said.

The UAE reported 126 per cent compliance with the Opec+ agreement in October and lowered its crude output for the month by 153,000 barrels per day in line with the current level of curbs.

Opec+, the alliance led by Saudi Arabia and Russia, is drawing back 7 million bpd since August and was set to taper the cuts from the beginning of 2021, as part of an agreement reached earlier this year.

However, a rising number of Covid-19 cases and subsequent reimposition of lockdowns in several parts of the world have raised concerns about the demand for crude.

Opec+ is likely to rollover the current level of restrictions, reversing an earlier course to incrementally increase production by the beginning of the year. The group will convene online for their annual meeting on December 1. The next joint technical and monitoring committee meetings of the alliance are scheduled for December 16 and 17, respectively.

Squad: Majed Naser, Abdulaziz Sanqour, Walid Abbas, Khamis Esmail, Habib Fardan, Mohammed Marzouq (Shabab Al Ahli Dubai), Khalid Essa, Muhanad Salem, Mohammed Ahmed, Ismail Ahmed, Ahmed Barman,  Amer Abdulrahman, Omar Abdulrahman (Al Ain), Ali Khaseif, Fares Juma, Mohammed Fawzi, Khalfan Mubarak, Mohammed Jamal, Ahmed Al Attas (Al Jazira), Ahmed Rashid, Mohammed Al Akbari (Al Wahda), Tariq Ahmed, Mahmoud Khamis, Khalifa Mubarak, Jassim Yaqoub (Al Nasr), Ali Salmeen (Al Wasl), Yousef Saeed (Sharjah), Suhail Al Nubi (Baniyas)

Zodi%20%26%20Tehu%3A%20Princes%20Of%20The%20Desert
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3EEric%20Barbier%26nbsp%3B%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%20%3C%2Fstrong%3EYoussef%20Hajdi%2C%20Nadia%20Benzakour%2C%20Yasser%20Drief%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A
Water waste

In the UAE’s arid climate, small shrubs, bushes and flower beds usually require about six litres of water per square metre, daily. That increases to 12 litres per square metre a day for small trees, and 300 litres for palm trees.

Horticulturists suggest the best time for watering is before 8am or after 6pm, when water won't be dried up by the sun.

A global report published by the Water Resources Institute in August, ranked the UAE 10th out of 164 nations where water supplies are most stretched.

The Emirates is the world’s third largest per capita water consumer after the US and Canada.

Armies of Sand

By Kenneth Pollack (Oxford University Press)
 

Three ways to limit your social media use

Clinical psychologist, Dr Saliha Afridi at The Lighthouse Arabia suggests three easy things you can do every day to cut back on the time you spend online.

1. Put the social media app in a folder on the second or third screen of your phone so it has to remain a conscious decision to open, rather than something your fingers gravitate towards without consideration.

2. Schedule a time to use social media instead of consistently throughout the day. I recommend setting aside certain times of the day or week when you upload pictures or share information. 

3. Take a mental snapshot rather than a photo on your phone. Instead of sharing it with your social world, try to absorb the moment, connect with your feeling, experience the moment with all five of your senses. You will have a memory of that moment more vividly and for far longer than if you take a picture of it.

Scorebox

Dubai Hurricanes 31 Dubai Sports City Eagles 22

Hurricanes

Tries: Finck, Powell, Jordan, Roderick, Heathcote

Cons: Tredray 2, Powell

Eagles

Tries: O’Driscoll 2, Ives

Cons: Carey 2

Pens: Carey

'Ghostbusters: From Beyond'

Director: Jason Reitman

Starring: Paul Rudd, Carrie Coon, Finn Wolfhard, Mckenna Grace

Rating: 2/5

The specs

Engine: 2.0-litre 4-cylturbo

Transmission: seven-speed DSG automatic

Power: 242bhp

Torque: 370Nm

Price: Dh136,814

The drill

Recharge as needed, says Mat Dryden: “We try to make it a rule that every two to three months, even if it’s for four days, we get away, get some time together, recharge, refresh.” The couple take an hour a day to check into their businesses and that’s it.

Stick to the schedule, says Mike Addo: “We have an entire wall known as ‘The Lab,’ covered with colour-coded Post-it notes dedicated to our joint weekly planner, content board, marketing strategy, trends, ideas and upcoming meetings.”

Be a team, suggests Addo: “When training together, you have to trust in each other’s abilities. Otherwise working out together very quickly becomes one person training the other.”

Pull your weight, says Thuymi Do: “To do what we do, there definitely can be no lazy member of the team.” 

Who was Alfred Nobel?

The Nobel Prize was created by wealthy Swedish chemist and entrepreneur Alfred Nobel.

  • In his will he dictated that the bulk of his estate should be used to fund "prizes to those who, during the preceding year, have conferred the greatest benefit to humankind".
  • Nobel is best known as the inventor of dynamite, but also wrote poetry and drama and could speak Russian, French, English and German by the age of 17. The five original prize categories reflect the interests closest to his heart.
  • Nobel died in 1896 but it took until 1901, following a legal battle over his will, before the first prizes were awarded.