UAE's energy minister Suhail Al-Mazrouei: We are optimistic about recovery in oil demand in 2021 - Bloomberg reports, citing Sky News Arabia

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24 December 2020

UAE's energy minister Suhail Al-Mazrouei: We are optimistic about recovery in oil demand in 2021 - Bloomberg reports, citing Sky News Arabia

However, recovery will be gradual, and won’t happen in quarter or two
Rollout of coronavirus vaccines and improvement in U.S.-China ties are likely to improve demand for oil
UAE isn’t concerned about new mutations of coronavirus; global health sector can find solution to this virus
OPEC+ alliance of oil producers has successfully mitigated impact of reduced demand
UAE hopes more producers would join in the future

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