As OPEC producers begin cutting back their output, UAE energy minister Suhail al-Mazrouei said Wednesday producers were committed to making the necessary cuts, but it was premature to discuss whether the arrangement would be extended beyond the initial six months outlined in November. Speaking at an energy event in Abu Dhabi, Mazrouei said producers from the Gulf Cooperation Council — which includes Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the UAE — have all started talking with their customers about reduced volumes. “They already know what to expect,” Mazrouei said, adding that this gave him confidence that the cuts were being implemented, and there was no need to be skeptical about this. This was not a “show me” scenario, he said, while also calling on the producers to be “vocal” about their cuts to bring total OPEC output down by 1.2 million b/d. Saudi Arabia pledged to take on […]