Skip to content
Subscriber Only

OPEC Says It's Doing Best to Supply Market But Won't Overdo It

  • U.A.E.’s Al Mazrouei speaks in interview to Bloomberg BNN
  • Extra supply needs time to make it to global markets, he says
Video player cover image
Oil Fell After Increase in U.S. Stockpiles
Updated on

OPEC and its allies are doing what they can to offset crude output shortfalls that have kept global supplies tight and prices high, but they don’t want to overdo it.

That was the message from United Arab Emirates Energy Minister Suhail Al Mazrouei after being asked about U.S. President Donald Trump’s call for the group to do more. He said it’s important to avoid bringing the market back to the kind of excessive supply that triggered the recent downturn.