Tag Archives: Mohammed Barkindo

Oil Industry Requires $12.6 Trillion in Investment

Secretary-General of OPEC Mohammad Sanusi Barkindo said investment in the global oil industry dropped by nearly 30 percent this year, even more than in the 2014-2016 downturn, from which the industry was still recovering when COVID-19 struck. “The oil industry requires $12.6 trillion in investment to reduce volatility and avoid …

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OPEC Chief Says does not Expect Renewed Oil Collapse

OPEC’s secretary general said on Monday OPEC+ producers did not expect a renewed oil-price collapse as seen in the second quarter, and said producers in the OPEC+ alliance would continue to “stay the course” in balancing the market. OPEC’s Mohammad Barkindo was giving a speech at the virtual India Energy …

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OPEC+ Says It will Ensure Oil Prices Do not Plunge Again

The OPEC+ alliance will ensure oil prices do not plunge steeply again when it meets to set policy at the end of November, OPEC’s secretary general said on Thursday, adding that demand has been recovering more slowly than expected. “I want to assure you that the OPEC, non-OPEC partnership will …

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Iran, OPEC Discuss Mutual Cooperation

Iranian Deputy Foreign Minister for International and Legal Affairs Mohsen Baharavand and the Organization of Petroleum Exporting Countries (OPEC) Secretary-General Mohammad Sanusi Barkindo in a meeting in Vienna on Saturday reviewed bilateral relations in the field of energy. The meeting was held on the occasion of the 60th establishment anniversary …

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