UAE Says Top Oil Producers Committed to Supply Cuts Until Year End

April 23, 2018

ABU DHABI (Reuters) – All OPEC and non-OPEC oil producers including Russia are committed to supply cuts until the end of the year, UAE Energy Minister Suhail Mohamed al-Mazrouei said on Monday.

“All in all, the fundamentals of the market, the supply and demand, the job is not complete. We need to continue until we see a true balanced market,” he said, speaking on the sidelines of the Middle East Petroleum and Gas Conference in Abu Dhabi.

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