Middle east oil geopolitics, page-58

She then tweets:

Summer Said (@summer_said)

UAE energy ministers says current prices are not suitable for all producers

UAE energy min: I'm optimistic that the balance will happen this year despite the oversupply and stocks overhang."

"The positive thing is the current market is forcing everyone not to increase output," says UAE energy Minister

Non-OPEC supplies seen dropping up to 800K b/day while demand growth is seen at 1.3M--which will help market balances itself, UAE Min says

The reductions are in line with similar cuts last week by Saudi Arabia, signalling Tehran won't launch a price war

Iran cut prices for light crude to Europe by 10 to 20 cents/ b in March, an official says, seeking to attract buyers for its returning crude

@Samir_Madani @benoitfaucon is our super Iran expert so you can trust the reporting

OPEC revises estimates of production from rival suppliers, indicating a steeper drop in non-OPEC supply than previously anticipated.

Iran’s oil minister Bijan Zangeneh sys ready to negotiate with Saudi Arabia over the current conditions in international oil markets.