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MNI DATA FORECASTS: Flash PMIs In Market's Eyesight
Oil Prices Testify That Market Is Balanced: Mazrouei
Current oil prices show that the oil market is balanced, the UAE Energy Minister Suhail Al Mazrouei said.
- Oil inventory growths shows that market volumes are enough, he added.
- The UAE is not worries about the level of its OPEC+ oil quota, he said.
- He also warned OPEC+ needs to be mindful of the global economic slowdown this year.
- Earlier he said OPEC is more worried about supplies rather than rising demand.
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