OPEC Secretary General: There is Sustainable Market Stability

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Speaking at the opening of the at Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) Monday. Nigeria-born Organization of the Petroleum Exporting Countries (OPEC) Secretary General. Dr. Mohammed Sanusi Barkindo. had assured Nigeria and the global oil community that the organization would do all it takes to sustain the “relative stability“ currently witnessed in the global energy market.

Barkindo said the assurance on sustainable stability was necessary in the wake of emerging uncertainties in world energy demand. the resurgence of non-OPEC supplies as well as international geopolitics.

“I would like to say that the global energy market needs stability on sustainable basis. As we approach 2019. I am happy to assure the industry and the global community that the partnership between us and non-OPEC countries. now numbering an unprecedented 25 producing nations. has come to stay.“

“What we are discussing now is the mechanics of the marriage. But all I can say now is that I am confident and hopeful that we will continue to jointly sustain this stability going forward.“ the OPEC scribe added.