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Global oil market 'well-balanced': UAE
- United Arab Emirates: Tuesday, April 23 - 2013 at 05:13
The UAE energy minister has said the global oil markets are "well-balanced," with adequate supplies of crude, Bloomberg has reported. Opec, due to convene on May 31, is ensuring that supplies are sufficient, Suhail Mohammed Al Mazrouei told reporters in Abu Dhabi. "The market is well-balanced, and there is no oversupply in the market," said Al Mazrouei. "There is enough supply in the market," he added.
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