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UAE energy minister sees no oil shortage in absence of 'catastrophic escalation'

"The oil market is well supplied now I would say," Suhail al-Mazrouei said.

January 08, 2020 / 10:18 AM IST

The United Arab Emirates Energy Minister said on Wednesday he hopes there would be no further escalation in the region and that he does not expect a shortage of supply in the absence of a catastrophic escalation after Iran attacked US forces in Iraq.

"The oil market is well supplied now I would say," Suhail al-Mazrouei said.

"We are not forecasting any shortage of supply unless there is a catastrophic escalation which we don't see," he added.
Reuters
first published: Jan 8, 2020 10:08 am
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