Russia says UAE's exit from OPEC will increase global production, bring down oil prices

​Russian ​Finance ‌Minister Anton Siluanov said ​on Wednesday that ‌the decision by the United Arab Emirates to leave OPEC ‌will mean the ‌oil producing countries will boost production, bringing down global prices ⁠in the ​future.

"If ⁠OPEC countries conduct their policies ⁠in an uncoordinated manner (after UAE ​exit) and produce as much ⁠oil as their production capacities ⁠allow ​and as much as they want, prices ⁠will go down accordingly," ⁠Siluanov ⁠said.

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