UAE’s energy minister forecasts oil prices to recover this year

ABU DHABI: United Arab  Emirates (UAE) Energy Minister Suhail al-Mazrouei said Tuesday he expects a recovery in plummeting oil prices before the end of the year.

“I am personally convinced that before the end of 2016 we’re going to see a correction. The market fundamentals tell us this,” Mazrouei told an energy forum in Abu Dhabi.

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