The UAE Energy Minister is optimistic that oil producers would comply with a supply cut deal and that he expected improvements towards market balance, he said on Wednesday.
The Opec and allied non-OPEC producers agreed on May 25 to extend an existing supply curb into 2018.
"We are optimistic about ... compliance from OPEC and non-OPEC countries and we look forward to ... gradual improvements toward market balance," Suhail bin Mohammed al-Mazroui wrote on Twitter.
"Saudi Arabia and Gulf states (have) an excellent track record of compliance to OPEC decisions and together with Iraq carry most of the cut," he wrote.
