United Arab Emirates (UAE) Energy Minister Suheil al-Mazroui said the country will abide by the terms of the OPEC+ agreement on oil production adjustments.

“The UAE is committed to the OPEC+ agreement and the existing monthly production adjustment mechanism,” he tweeted, adding that “the UAE believes in OPEC’s value to the oil market.”

OPEC+ countries decided at their Feb. 2 meeting that they would increase oil production by 400,000 bpd in March as expected.

“OPEC and non-OPEC countries participating in the Declaration of Cooperation decided to confirm the plan of monthly production adjustment (…), and to increase total oil production by 0.4 million barrels per day in March 2022,” read the official communiqué following the meeting.

Earlier, as reported by the Financial Times, the UAE ambassador to Washington said the Emirates would recommend other OPEC members to increase oil production as the special operation in Ukraine led to the highest oil prices in a decade.

“We are in favor of increasing production and will urge OPEC to consider raising production levels,” the ambassador said in a comment to the publication.

As reported, US President Joe Biden on Tuesday signed an executive order banning imports of crude oil, petroleum products, as well as LNG and coal from Russia, which led to another jump in prices on the global energy market.

The U.S. administration has been pressuring oil producers for weeks to increase production to drive down prices. Brent crude oil was trading at around $121 a barrel last Wednesday.