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UAE: Expectations large fluctuations in the price of oil unrealistic

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Rocky


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UAE: Expectations large fluctuations in the price of oil unrealistic




November 9, 2015 0

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UAE Energy Minister said that any speculation of large fluctuations in the price of oil over the coming months is realistic.

Minister Suhail Al Mazroui said in a statement regarding the energy sector conference hosted by Abu Dhabi he was optimistic the occurrence of a gradual correction in the oil price in 2016.

Al Mazroui said that the UAE is committed to fill shortages in the global oil market and that it would press ahead with projects to increase crude production.

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