7/5/2021 1:29:49 AM GMT
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By Dhwani Mehta
In an effort to reach an agreement Monday on the oil output policy, Saudi Energy Minister Prince Abdulaziz bin Salman urged the UAE to "compromise" and act rationally while speaking in an interview with Saudi-owned Al Arabiya television channel on Sunday.
Key quotes
"The extension is the basis and not a secondary issue.”
"You have to balance addressing the current market situation with maintaining the ability to react to future developments ... if everyone wants to raise production then there has to be an extension.”
"Big efforts were made over the past 14 months that provided fantastic results and it would be a shame not to maintain those achievements. ... Some compromise and some rationality is what will save us.”