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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.