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  • 08-01-20

    Any possible oil shortages to be responded by OPEC if necessary

    (MENAFN) According to the United Arab Emirates energy minister, the Organization of the Petroleum Exporting Countries (OPEC) will respond to any probable oil lacks if needed but it also has "limitations".


    As said by Suhail Al-Mazrouei, "we can't replace any quantity with the spare capacity we have."


    There won't be a fear of supply lack and that demand was healthy and global oil inventories were "hovering" around the 5-year average, he added.

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