UAE Oil Minister: oil undersupply is our main concern

22 Feb 2018 02:31 PM

The remarks of the UAE Oil Minister Suhail Al Mazroui were as follows:

  • OPEC alone is no longer responsible for fixing the oil market.
  • We do not target a certain price, we target the market balance.
  • We do not see the right level of investment at the current oil price.
  • The increase in confidence between OPEC/non-OPEC producers is noticeable.

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