Tag Archives: Mohammed Barkindo

The rebalancing of the global oil market was a work in progress.

The group would meet in Vienna Austria to deliberate on the matter.

The organization is more directly represented by its secretary-general. currently the Nigerian Mohammad Barkindo.

OPEC and Russia have been cutting production together to support prices since 2017.

Moscow is better positioned to balance its budget at current levels than Saudi Arabia.

Brent prices climbed last week on optimism a thaw in China-US relations will help sustain global growth.

Global economic growth prospects for 2019 are slightly lower than for 2018.

Russia and Saudi Arabia were the world’s top two oil producers until this year.

OPEC may be able to succeed in reducing production by the announced target.

OPEC said it remains fully committed to achieving and sustaining balance and stability in the market.