Abu Dhabi's Oil Chief Sees Crude Market Balancing by End of 2017
- Oil price volatility to persist in short term, Al Jaber says
- Adnoc chief executive sees prices improving in medium term
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Oil markets will probably balance by the end of next year, with prices rising in the medium term, according to Sultan Al Jaber, the new head of Abu Dhabi National Oil Co.
Prices, which have swung between highs of about $42 a barrel and lows of about $27 this year, will continue to be volatile in the short term, Al Jaber said in an interview with Abu Dhabi dailies The National and Al Ittihad.