The Oil cartel wouldn’t allow the market to become oversupplied

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The Oil cartel wouldn’t allow the market to become oversupplied UAE energy minister Suhail Al Mazrouei, who is also OPEC president, said .

The energy minister of the United Arab Emirates, Suhail al-Mazrouei, currently the president of OPEC, said “changes” likely would be necessary as the oil cartel meets in December in Vienna. However, he added: “We need not to overreact when these things happen.”

“Supply and demand is perhaps the easy part because you can measure it,” al-Rumhy said. It’s “extremely difficult to quantify what is happening in (the) White House — almost impossible.”