UAE: Oil supply to exceed demand in 2022’s Q1

https://youtu.be/N1fWlHqEmLg

 UAE Energy Minister Suhail al-Mazrouei said on Monday that he expected an oil supply surplus in the first quarter of 2022, ruling out the possibility of oil prices reaching $100 per barrel. The Organization of the Petroleum Exporting Countries (OPEC), Russia and their allies – collectively known as OPEC+ – will look at fundamentals to determine the pace of output increases, Mazrouei added.