Oil prices continued to rise on Tuesday amid fears of supply cuts on the world market. By the evening September Brent futures added about 1%, August WTI - 0.42%. According to a statement made on Monday by Suhail Al Mazroui, Energy Minister of the Arab Emirates, oil production in the country is close to capacity limit and remains within the framework of the OPEC+ agreement. At the same time, the alliance has previously made it clear that it does not intend to make up for the oil shortfall created by anti-Russian sanctions. In addition, the global supply risks shrinking under the influence of political unrest in the exporting countries of Libya and Ecuador, analysts warn. In the first disrupted production and supply, in the second, according to the Ministry of Energy, oil production may completely stop for a couple of days because of the ongoing protests against the current government. The IEA expects in 2023 to exceed the pre-pandemic level of oil demand. On the other hand, this scenario may not come true if a recession occurs.