UAE energy minister says average oil price in 2018 was $70 a barrel

13 January 2019, Abu Dhabi — United Arab Emirates Energy Minister Suhail al-Mazrouei said on Saturday the average oil price in 2018 was $70 a barrel. The Organization of the Petroleum Exporting Countries and other leading global oil producers led by Russia agreed in December to cut their combined oil output by 1.2 million barrels … More »