UAE energy minister says efforts to rebalance oil market are 'progressing well'

Reuters  |  DUBAI 

(Reuters) - Minister said on Tuesday that and non-efforts to rebalance the and encourage "are progressing well".

"Our goal is to ensure the stability of in order to secure an efficient, economic and regular supply of to consumers, a steady income to producers and a fair return on capital for those investing in the industry."

Mazroui tweeted after U.S. said that will withdraw from an international nuclear deal with and that he would reimpose economic sanctions on Tehran, which could hit Iranian crude exports.

(Reporting by Rania El Gamal; Editing by David Goodman)

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First Published: Wed, May 09 2018. 01:50 IST