To match Analysis MIDEAST-ECONOMICS/OIL

 
To match Analysis MIDEAST-ECONOMICS/OIL
Cars queue for petrol at a gas station in Dubai June 11, 2012. In the Gulf, the oil price slide threatens to cool an 18-month economic boom that helped the region recover from the global financial crisis of 2008-2009. In addition to receiving lower oil prices, Gulf oil producers - particularly Saudi Arabia - may have to cut the volumes they sell to prevent a deeper drop of prices. So far, however, most Gulf economies look likely to continue expanding at comfortable rates with cheaper oil. In the wake of the recent slide in the price, the UAE's Economy Minister Sultan bin Saeed al-Mansouri last week cut his forecast for this year's GDP growth to around 3 percent, from the almost 4 percent which he predicted in March. Picture taken June 11, 2012. To match Analysis MIDEAST-ECONOMICS/OIL REUTERS/Ghazal Watfa (UNITED ARAB EMIRATES - Tags: BUSINESS COMMODITIES)