UAE Says More Worried About Oil Supply Than Demand For Next Year

The United Arab Emirates’ energy minister said supply problems among some oil producers could tighten the market next year as demand rises.

(Bloomberg) —

The United Arab Emirates’ energy minister said supply problems among some oil producers could tighten the market next year as demand rises.

“I’m not worried about demand,” Suhail Al Mazrouei told Bloomberg TV. “What worries us is whether we are going to have enough supplies in the future.”

When OPEC meets at the end of the year, “we will be worried more about where the supply is coming from rather than demand,” he said in Dubai.

More stories like this are available on bloomberg.com

©2023 Bloomberg L.P.