| The UAE sees oil price of $80 (Dh294) per barrel as an ideal price as the world economy picks up and moves into the next phase, the UAE Economy Minister Sultan Bin Saeed Al Mansouri told reporters in Abu Dhabi on Sunday.
“There is a forecast that oil price is going to increase. My colleague, the minister of energy, has indicated several times that they look at $80 as an ideal price for oil as we go on in the next phase,” said Al Mansouri, addressing a press conference to mark the beginning of the Global Agenda Summit. He said, the world economy is expected to pick up in the second half of 2016...............................................Full Article: Source
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