UAE energy minister: OPEC+ faces oil market volatility in both supply and demand

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OPEC+ is facing 'volatile prospects' in oil markets both in supply and demand, UAE energy minister Suhail al-Mazrouei told Asharq TV on Saturday.

United Arab Emirates Minister of Energy and Infrastructure Suhail Mohamed Al Mazrouei speaks to reporters at the Abu Dhabi International Petroleum Exhibition and Conference in Abu Dhabi, United Arab Emirates, October 31, 2022. REUTERS/Amr Alfiky

He said this was due to European sanctions on Russian crude taking effect in addition to China lifting its "zero-COVID" policy.

 

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