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UAE Dismisses Fears of Oil Glut
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Why This Matters
The UAE's energy minister believes that oil demand remains solid, dismissing fears of an oil glut, and OPEC+ has decided to pause production increases in the first quarter of 2026 due to seasonality and historically weaker demand.
Market Impact
Market impact analysis based on bullish sentiment with 90% confidence.
Sentiment
Bullish
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90%
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
The United Arab Emirates doesn’t expect oversupply on the oil market as demand remains solid, the energy minister of one of OPEC’s top producers said on Monday. On Sunday, the OPEC+ producers, including the UAE, decided to pause their reversal of the production cuts in the first quarter of 2026, after a small increase in December. Citing “seasonality” and historically weaker demand in the first quarter of any year, OPEC said it would halt the production increases in January, February, and March. One of the OPEC+…
Original article published by
OilPrice.com
on November 3, 2025.
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