UAE Energy Min Mazroui: OPEC production deal should remain or be extended 'at least until the end of the year'


UAE Energy Minister Suhail Mohammed Faraj Al Mazroui was crossing the wires, via Reuters, during the early Asian session on Wednesday. Mr. Mazroui reiterated his previous comments supporting an extension of OPEC+ deal on production cuts.

Key Notes:

  • OPEC production deal should remain or be extended 'at least until the end of the year'.
  • Current oil inventories suggest curbs should remain in place.
  • Sees solid oil demand in 2020 that could ‘soften’ with trade rift.
  • Expects US China to solve trade rift.

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