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UAE energy minister says oil producers are ‘committed’ to balancing market

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*United Arab Emirates Minister of Energy and Industry Suhail al-Mazrouei.

ABU DHABI — United Arab Emirates Minister of Energy and Industry Suhail al-Mazrouei said on Sunday that OPEC and non-OPEC producers are “committed” to achieving oil market balance, when asked about possible deeper cuts to production levels.

He was not concerned about current oil prices, but rather the level of oil inventories, he told a news conference in Abu Dhabi.

He said political effects and concerns about global trade tensions rather than levels of supply and demand were affecting the market.

*Stanley Carvalho; Writing: Tuqa Khalid – Reuters


UAE energy minister says oil producers are ‘committed’ to balancing market UAE energy minister says oil producers are ‘committed’ to balancing market Reviewed by Crude Oil Facilitators on 11:05 Rating: 5

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