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

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.”

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