UAE OilMin Al-Mazrouei: Will continue supply cuts until market is re-balanced

The United Arab Emirates (UAE) Minister of Energy and Industry Suhail Al-Mazrouei tweeted on Sunday, “we will continue to deliver on the OPEC & Non-OPEC commitment for voluntary production adjustments until the global market is re-balanced,” Reuters reports.

In another tweet, he added that the UAE compliance to cut oil supply for February “will meet, if not exceed, it’s obligations. This will help to bring balance and stability to the global oil market.”