UAE energy minister out with a few comments 13 Dec
- too early to speculate about exit strategies for the global oil supply cut pact at this time
- exiting cuts will be a collective decision between OPEN/non-OPEC at appropriate time
- right now our focus remains on current supply cuts agreement which runs to end-Dec 2018
- we are committed to delivering a more stable and balanced market
- will continue to monitor market, partic inventory levels with review in June 2018
Ntg we don't already know in essence.
Oil prices suitably unfazed but still unbderpinned.
