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UAE: OPEC correct policy and oil prices will begin to better next year

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UAE: OPEC correct policy and oil prices will begin to better next year



November 19, 2015 0



Oil field in Kirkuk on 3 August. Photography: Waco Rashid - Reuters
Our economy / Manama

She said the UAE Ministry of Energy, said Thursday that oil prices will begin to improve next year and described OPEC's decision last year not to cut supplies as a correct decision.

Rain Neyadi, Undersecretary of the UAE Ministry of Energy, told a conference on the oil industry in the Bahraini capital Manama "We believe that OPEC's policy of sound policy ... and next year will see an improvement in prices in 2016 ... we may see some correction in the market."

For his part, Russian Energy Minister Alexander Novak, today The participants in the meeting of the Forum of Gas Exporting countries in Tehran will discuss oil prices in November 21.

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