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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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