The United Arab Emirates has stated that there are no concerns about an excess of oil in the market, as demand remains strong.
This announcement came a day after OPEC+ decided to halt its output increases for the first three months of next year.
Despite the production freeze, the UAE remains confident that the market balance will be maintained due to sustained demand levels.
https://www.bloomberg.com/news/articles/2025-11-03/uae-says-no-oil-oversupply-concerns-after-latest-opec-decision