"We are experiencing an obvious oversupply in the market that needs time to be absorbed. Depending on the actual production growth from non-Opec countries, this problem could take months or years. If they act rationally, we can see positive corrections during 2015. Also, the current oil prices could encourage world economic growth higher than the expected, which could drive the demand upwards."
Quote from interview with The National, Suhail Al Mazrouei, the UAE Energy Minister, tells us by email th
http://www.thenational.ae/business/energy/no-panic-on-energy-policy-as-oil-prices-slump-energy-minister-says
Views expressed without any risk or responsibility.
Quote from interview with The National, Suhail Al Mazrouei, the UAE Energy Minister, tells us by email th
http://www.thenational.ae/business/energy/no-panic-on-energy-policy-as-oil-prices-slump-energy-minister-says
Views expressed without any risk or responsibility.
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