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The United Arab Emirates expects oil prices to rebound

2018-01-18

The United Arab Emirates national newspaper reports, the energy minister ma road, said recently that in the past two months, the United Arab Emirates oil exports by 10%, completely fulfilled his promise to leak, will continue to be transparent and pressed his promises to limit production policy implementation in the first quarter of next year.

The average price of brent crude oil has risen 15 percent to $52.3 in 2016 from the start of 2017. He said oil prices would continue to rise in the second half of 2017 and that crude stocks would fall below the five-year average in 2018.

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