Energy experts expect oil prices to average $40 per barrel in 2016 | GulfNews.com:
"The price of oil this year will most likely average $40 per barrel in 2016, according to energy industry experts polled during a recent survey in the UAE.
At the 7th UAE Energy Forum on Tuesday, Gulf Intelligence asked 250 participants, including government officials, heads of oil and gas companies and analysts about where they think crude prices are headed this year.
More than half (51 per cent) of the respondents said they expect oil prices to average $40 per barrel, while nearly one-third said the price would stick to $30 per barrel."
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