Global oil market to see recovery – UAE energy minister

Global oil market to see recovery – UAE energy minister
I am optimistic about oil market’s performance in 2018

By: Amr Adel

Abu Dhabi – Mubasher: The UAE’s minister of energy and industry Suhail bin Mohammed Al-Mazroui on Monday said he expects that the global oil market to continue its recovery during 2018.

The decision to cut oil production has helped in reducing oil reserves by 180 million barrels in less than a year, Al-Mazroui added on the sidelines of The Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC).

I am optimistic about oil market’s performance in 2018, the minister continued, noting that the UAE adheres to the decisions that will be taken by OPEC in November, which are projected to determine the future policies of the global oil market.  

 

Translated by: Muhammad Khalid

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Source: Mubasher Exclusive

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