UAE’s Energy Minister Suhail Al-Mazrouei expected oil demand to be better in 2020 and the U.S. shale production to be flat or to decline by 2021. Al-Mazrouei is not worried about Russian reluctance to OPEC+ commitments and that they are confident that Russia will stay in the agreement. Al-Mazrouei continued; referencing that supply would not be an issue, as US producers had overestimated production and they could face some financial challenges in 2020.