Will oil reach $70 a barrel in 2019?

Will oil reach $70 a barrel in 2019?

The UAE’s energy minister expects an average oil price of $70 a barrel in 2019.

His Excellency Suhail bin Mohammed Faraj Faris Al Mazrouei said a recent agreement between OPEC and non-OPEC oil exporters to cut output will boost prices.

They agreed to reduce their oil output by 1.2 million barrels per day in a bid to rebalance the oil market from this month.


 
GET IN TOUCH
SELECT STATION
on air