Oil correction will take time, says UAE Energy Minister | GulfNews.com:
"A correction in global oil prices “will take time”, the UAE Energy Minister said on Monday ahead of a proposed meeting between major oil producers later this month to discuss capping output.
Members of the Organisation of Petroleum Exporting Countries (Opec) will reportedly meet in Moscow, Russia, on March 20 with non-Opec members to discuss capping production in a bid to counter the sharp decline in global prices.
Suhail Mohammad Faraj Al Mazrouei, the UAE Energy Minister, said in Abu Dhabi that pressure on prices will not be relieved overnight."
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