UAE Energy Minister: Market needs a decrease in oil output

The UAE's Minister of Energy Suhail Al Mazrouei was out with his comments in the last hour, saying that the objective of OPEC+ is to balance the oil market. 

Key quotes:

   •  Important that everyone is on board on any OPEC+ deal. 
   •  There is a requirement for an adjustment in oil production.
   •  The market needs a decrease in oil output.
   •  Qatar’s production is not significant to OPEC.