UAE oil minister: Oil market on way to balance

12 Feb 2018 11:08 AM

Suhail Al Mazrouei, UAE Minister of Oil, made the following statement:

  • Oil market to balance this year.
  • Shale oil is coming and expectations are that it will come stronger than 2017.
  • Sale oil will not have a huge impact on the market.
  • This year's demand is expected to be good if not better than 2017.

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