10.11.2015 - UAE energy minister predicts oil price rebound
The top oil minister in one of the world's leading energy-producing nations predicted Monday that oil prices will rise next year -- and his nation is going to pump more. Energy Minister Suhail Mohamed al-Mazrouei of the United Arab Emirates told an energy conference in Abu Dhabi that the UAE plans to raise production in coming years, the Associated Press reports. It will head for a target of 3.5 million barrels a day, up from what the U.S. Energy Information Administration says currently is 2.9 million barrels. He says the drop in oil prices is almost over and that they will start rising. By how much, though, he says he doesn't know. "Don't ask me how big. The market will decide that," he was quoted by the AP as having said..............................................Full Article: Source
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