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UAE: No Risk to Oil Supply Despite US-Iran Tensions
January 9th, 2020 - 07:21 GMT

UAE: No Risk to Oil Supply Despite US-Iran Tensions

Opec is ready to respond, but sees no immediate shortages in oil supplies, the UAE Energy Minister said on Wednesday, as tensions escalated in the aftermath of Iran missile strike at military bases in Iraq used by US forces. "It is not currently a war situation," Suhail Mohamed Faraj Al Mazrouei told reporters on the sidelines of a conference in Abu Dhabi. "We are all hoping for a de-escalation. I ...
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Contracts traded during the five-day period ending August 4 suggest the market expects WTI prices could range from $29 a barrel to $61 a barrel. (File photo)
August 11th, 2016 - 10:00 GMT

EIA estimates oil prices will stabilize in 2017

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