Corrected: OPEC is not the enemy of the U.S.\, UAE minister says

Corrected: OPEC is not the enemy of the U.S., UAE minister says

Reuters  |  ABU DHABI 

(Corrects spelling of minister's name)

"We are complementing each other, we are not enemies here," he told an industry conference in Abu Dhabi, addressing the relationship between OPEC and major consuming countries, like the

OPEC and other leading global led by agreed in December to cut their combined by 1.2 million barrels per day in order to balance the starting from January.

The decision came despite U.S. Donald Trump's calls to to refrain from cutting production, saying it would trigger worldwide.

(Reporting by and Maha El Dahan; Writing by Maher Chmaytelli; Editing by Kirsten Donovan)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sat, January 12 2019. 12:52 IST