ADIPEC: Strain of low oil prices apparent even at plush Gulf meeting

On stage only a short time after the United Arab Emirates said it would increase its oil production despite low worldwide prices, the oil and gas minister of neighboring Oman didn’t pull any punches. Sultan Ahmed Al Jaber, the minister of state in the United Arab Emirates, smiles while listening to a speech in Abu Dhabi, United Arab Emirates, on Thursday, Oct. 29, 2015. Speaking from a Gulf nation whose skyscrapers rose on oil wealth, Britain’s Foreign Secretary Philip Hammond has called on the rest of the wealthy Arab world to put their money toward renewable and clean energy ahead of the landmark climate change conference in Paris later this year. (AP Photo/Jon Gambrell) ABU DHABI, United Arab Emirates (AP) — On stage only a short time after the United Arab Emirates said it would increase its oil production despite low worldwide prices, the oil and gas minister of […]

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