UAE OilMin Al Mazroui: OPEC can’t end supply cuts as long as oil glut persists

The UAE Energy Minister Suhail Al Mazroui was on the wires last minutes, via Reuters, noting that the UAE is committed to delivering 100% of its OPEC+ oil cuts.

Additional Headlines:

Oil supply has been rising since Q4 2018.

OPEC can’t end supply cuts as long as oil glut persists.

Expects OPEC to finalize the long term cooperation charter with non-OPEC in June.