UAE minister says global oil supply glut is almost gone

ABU DHABI (Reuters) - The United Arab Emirates (UAE) energy minister Suhail bin Mohammed al-Mazrouei said on Monday the global oil supply glut was almost gone. Addressing the ADIPEC oil conference in Abu Dhabi, he said: "The glut is almost gone ... I think we are at the bottom of this cycle..." He added: "What concerns you and us (is) that we need to continue investing in this industry... to ensure we don't see a huge spike 3-4 years from now. ...