OPEC+ officials say they see no need to reverse their production cuts in the face of heightened geopolitical tensions in the Middle East, with UAE energy minister Suhail al-Mazrouei declaring Wednesday that the global oil market was “well-supplied.” Receive daily email alerts, subscriber notes & personalize your experience. Register Now “I would say now we are not forecasting a shortage of supply unless we have a catastrophic escalation, which we don’t see,” he said at the Gulf Intelligence UAE Energy Forum in Abu Dhabi. Fears of oil disruptions in the region have risen after a US drone strike killed top Iranian commander Qassem Soleimani in Baghdad last week, sending oil prices above $70/b for the first time since September. Iran retaliated Wednesday […]