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Wed 17 Feb 2016 01:08 PM

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UAE oil minister says open to cooperation with producers

Suhail bin Mohammed al-Mazrouei said on Twitter that UAE was optimistic about the future

UAE oil minister says open to cooperation with producers
UAE Oil Minister Suhail bin Mohamed al-Mazroui. (AFP/Getty Images)

UAE oil minister Suhail bin Mohammed al-Mazrouei said on Wednesday that the country's oil policy was open to cooperation with all producers toward the mutual interest of market stability.

Mazrouei made the comments in a tweet. He also said the UAE was optimistic about the future.

He did not say anything more specific about a proposal for oil producers to freeze output at January levels in order to prop up prices. The proposal was made on Tuesday by Saudi Arabia, Russia, Qatar and Venezuela.