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'Crude Prices to Have 'Correction' in 2016'

Nov 11, 2015 - The Guardian (London)

Low global oil prices will have a "correction" in 2016, but it won't be solely OPEC that helps to raise prices that have dropped over 50 percent, the United Arab Emirates' energy minister said Monday.

The oil-rich Emirates will raise daily production to 3.5 million barrels in the coming years, Minister Suhail Mohamed al-Mazrouei said at the start of the Abu Dhabi International Petroleum Exhibition and Conference.

The Emirates currently produces about 2.9 million barrels of oil a day....