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Fiscal restructuring is already evident in the form of budgetary cuts among GCC countries, including the UAE.
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"The UAE has successfully implemented some rationalisation of energy prices for the consumer with no difficulties."
Energy experts at the Euromoney Qatar Conference argued that oil supply continued to fall as less economically viable projects are postponed and cancelled.
Share prices in energy and mining companies tumbled also this week in the wake of sliding prices for key raw materials.
Innovative projects at Masdar and the Masdar Institute include a pilot programme to test energy-efficient ways of producing drinking water.
Each firm's shareholders to get 50% of new DowDuPont
Opec said on Thursday that it expects oil production by countries outside the group to fall in 2016 by more than it previously forecast, in a sign that its audacious strategy may be working at last.
Adnoc Distribution has adjusted LPG cylinder prices by Dh2 for a 25lb cylinder to Dh46 while refilling of 50lb cylinder is expensive by Dh4 to Dh92, reflecting latest trends on international crude oil markets.
Region's spending on renewable energy projects in the next quarter-century to be 8% more than global total
China, India, Japan and South Korea will be among the biggest users of oil, according to the Paris-based IEA.
