UAE oil minister speaking in Paris 29 June
- OPEC, allies have no concerns over oil market recovery
- recovery slowed in $ terms due to additional supply
- hopes to see more of a recovery in Q3 and Q4
- seen slower than expected oil inventory drawdown
Is he for real? No concerns but admits greater supply. Cloud cuckoo land.
Oil quite rightly laughing in his face with WTI down to $47.67 from $48.00
No need to worry says UAE oil minister
