The UAE Energy Minister Suhail Al Mazroui was on the wires last minutes, via Reuters, noting that the UAE is committed to delivering 100% of its OPEC+ oil cuts.
Additional Headlines:
Oil supply has been rising since Q4 2018.
OPEC can’t end supply cuts as long as oil glut persists.
Expects OPEC to finalize the long term cooperation charter with non-OPEC in June.