Monday 26 December 2011

gulfnews : Global growth likely to drift, Al Hameli says

Minister of Energy Mohammad Bin Dha'en Al Hameli said yesterday that world economic growth might taper off a bit next year, but didn't say if he saw that impacting global oil production or crude prices.
"Next year, the economic growth may be the same [as this year] more or less, or a little less," Al Hameli told reporters when asked about his outlook on the global oil market next year.
Al Hameli was speaking to reporters on the sidelines of a meeting of Gulf Cooperation Council oil ministers in the capital. He also said that the UAE, on average, was producing about 2.6 million barrels of oil per day in December.

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