UAE energy minister speaking in London to Reuters 20 Feb

  • leaderships of UAE, Saudi and Russia support extended co-operation beyond 2018
  • OPEC/allies future co-operation may help avoid glut, shortage
  • oil market monitoring beyond 2018 is minimum we can do
  • hopes OPEC/allies framework for co-operation can be presented to all members in June
  • co-operation will help maintain healthy oil investments

Not really breaking news per se but out there so posting for info.

Oil prices suitably unimpressed with WTI $62.12 in a 00-30 range and Brent $65.00-50 for the moment.