UAE energy minister expects average oil price of $70 a barrel in 2019

FILE PHOTO: UAE Energy Minister Suhail al-Mazrouei addresses a news conference after an OPEC meeting in Vienna, Austria, June 22, 2018. REUTERS/Heinz-Peter Bader/File Photo - Copyright Heinz-Peter Bader(Reuters)

By Reuters

Published on 12/01/2019 - 07:34•Updated 10/05/2024 - 18:38

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ABU DHABI (Reuters) - United Arab Emirates Energy Minister Suhail al-Mazrouei said on Saturday he expects an average oil price of $70 a barrel in 2019 on the back of an agreement to cut output by OPEC and non-OPEC oil exporters reached last month.

The minister spoke to reporters in Abu Dhabi.

(Reporting by Rania El Gamal and Maha El Dahan; Writing by Maher Chmaytelli; Editing by Kim Coghill)

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