September 16, 2019 / 8:20 AM / 2 months ago

UAE Energy Minister says has spare oil capacity, early for OPEC emergency meet

FILE PHOTO: UAE's Oil Minister Suhail Mohamed Al Mazrouei talks to journalists as he arrives for an OPEC and NON-OPEC meeting in Vienna, Austria, July 2, 2019. REUTERS/Lisi Niesner

ABU DHABI (Reuters) - The United Arab Emirates’ energy minister said on Monday that his country has spare oil capacity to deal with possible supply disruptions after attacks on Saudi oil facilities this week but that it was too early to call for an emergency OPEC meeting.

“We have spare capacity, there are volumes we can deal with as an instant reaction,” Suhail al-Mazrouei told reporters in Abu Dhabi.

If Saudi Arabia called for an OPEC emergency meeting, “we will deal with it,” he said.

Reporting by Stanley Carvalho; wriitng by Nafisa Eltahir; editing by Maha El Dahan

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