UAE energy minister out with a few comments 13 Dec

  • too early to speculate about exit strategies for the global oil supply cut pact at this time
  • exiting cuts will be a collective decision between OPEN/non-OPEC at appropriate time
  • right now our focus remains on current supply cuts agreement which runs to end-Dec 2018
  • we are committed to delivering a more stable and balanced market
  • will continue to monitor market, partic inventory levels with review in June 2018

Ntg we don't already know in essence.

Oil prices suitably unfazed but still unbderpinned.