28.05.2013 - UAE supports high oil prices and believes demand will remain weak in 2013
On 31st May, OPEC (the Organisation of Petroleum Exporting Countries) will meet to review its target for oil production for the year, which will help ensure that supply from its members is sufficient to meet demand. As OPEC prepares for this meeting, Suhail Mohammed al Mazrouei, the energy minister for the United Arab Emirates (UAE), has announced that his nation believes the current crude prices are “suitable and fair.” Of the 12 member countries that form OPEC, providing 40% of the world’s crude oil........................................Full Article: Source
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