Abu Dhabi - Mubasher: The United Arab Emirates minister of energy, Suhail bin Mohammed Al Mazroui, said on Wednesday that his country supports extending the oil output cut agreement.

The UAE is ready to endorse a six or a nine-month extension provided that it is supported by a majority, the minister told Sky News Arabia on Wednesday.

Al Mazroui added on the sidelines of the OPEC meeting that is optimistic regarding the meeting between Russia and Saudi Arabia, noting that the previous extension helped in balancing the market and maintaining the prices average.