UAE to comply with oil supply cut agreement

Muscat: The UAE will comply 100 per cent with the oil supply cut agreement, its energy minister said on Sunday.

Speaking at a meeting of the joint ministerial committee which oversees the implementation of the global deal, Suhail Al Mazroui said Organisation of the Petroleum Exporting Countries (Opec) is not underestimating supply from any oil producer.

Al Mazroui also said he expects a rebound of shale oil supply and that Opec producers were not underestimating its impact.

Speaking to reporters on the sidelines of a meeting of the joint ministerial committee, Al Mazroui also said he expected compliance levels in December with the agreement to be good.