UAE Energy Minister Suhail al Mazrouei warned of lack of oil investment as it increased capacity.

He dismissed concerns about rising oil prices and stated that the UAE will reach 5 million barrels per day by 2027.

S&P Global Inc. vice chairman Dan Yergin claimed oil production in non-OPEC+ countries is expanding faster than demand, and Saudi Arabia’s supply limitations are concerning due to global economic growth concerns.

India has expressed concerns about oil prices being too high, and the Interim CEO of BP reiterated no strategy change after Bernard Looney’s unexpected departure.

Turkey’s Ceyhan pipeline is set to restart this week, and Citigroup predicts Brent crude will fall to the low $70s next year as the global market turns surplus.

Halliburton CEO Jeff Miller believes oil prices will support and tighten the market, while Eni SpA CEO Claudio Descalzi said deep OPEC+ production curbs are unlikely.