Minister of Energy of the United Arab Emirates: voluntary production reduction aims to balance supply and demand in the crude oil market

[UAE Energy Minister: voluntary production reduction aims to balance supply and demand in crude Oil Market] May 9, UAE Energy Minister Suhail Mazroyi said on the same day that the voluntary production cuts implemented by OPEC + member countries are aimed at balancing supply and demand in the crude oil market. Suhail Mazroyi also said that he is not worried about the short-term situation, supply and demand can be managed to balance, but he is worried that the investment downturn will lead to future crude oil supply shortages. In early April, Saudi Arabia and other OPEC + members announced production cuts one after another, and international crude oil futures prices rose. (Reuters)