UAE energy minister says oil market is still in process of rebalancing

Comments by UAE energy minister Suhail Al-Mazroui

• Still needs time to rebalance
• Oil producers committee needs to do technical work looking at right level of inventories

Nothing more it seems. The usual comments by one of the members from OPEC. Not surprising, and expect more of this to come the closer we are to the 22 June meeting in Vienna.