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
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