December 17, 2018 / 8:13 AM / 5 months ago

UAE energy minister says oil market is correcting

UAE's Oil Minister OPEC President Suhail Mohamed Al Mazrouei addresses a news conference after an OPEC meeting in Vienna, Austria, June 22, 2018. REUTERS/Heinz-Peter Bader/File Photo

DUBAI (Reuters) - The global oil market is “correcting”, UAE energy minister Suhail al-Mazrouei told reporters on Monday.

He said at an event in Dubai that he expects “everyone” to cut oil supply under a agreement reached earlier this month in Vienna between OPEC and non-OPEC exporters.

Reporting by Alexander Cornwell; editing by Jason Neely

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