UAE OilMin: There are no talks about deeper OPEC cuts - BBG

UAE energy minister, Suhail bin Mohammed al-Mazroui told reporters on the sidelines of a conference in Paris, there is no further talks on deeper OPEC output cuts.

Key Headlines via Bloomberg:

OPEC, allies have no concerns over oil market recovery

Recovery slowed in $ terms due to additional supply

Hopes to see more of a recovery in Q3 and Q4

Seen slower than expected oil inventory drawdown