UAE’s Energy Minister: Committed to the OPEC deal lasting until the end of 2023

Market news

14 February 2023

UAE’s Energy Minister: Committed to the OPEC deal lasting until the end of 2023

UAE Energy Minister Suhail Mohamed Al Mazrouei said on Tuesday, “UAE are committed to the OPEC deal lasting until the end of 2023.”

Additional quotes

“More worried about supply than demand for next year.”

“The US SPR release won't shock the market.”

Market reaction

WTI is paying little heed to the latest comments by the UAE Energy Minister. The US oil is keeping its range trade intact around the $79.50 level, consolidating the previous decline from two-week highs of $80.75.

Currencies. Daily history for Tuesday, February 14, 2023

Commodities. Daily history for Monday, February 13, 2023

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