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

Reuters ABU DHABI

Last Updated : Jan 12 2019 | 11:45 AM IST

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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First Published: Jan 12 2019 | 11:38 AM IST