Opec sees balance in oil market in Q2 or Q3

Opec sees balance in oil market in Q2 or Q3

NEW DELHI (Reuters) - OPEC Secretary-General Mohammad Barkindo said on Thursday that he sees a rebalancing of the global oil market in the second or third quarter of ...

NEW DELHI (Reuters) - OPEC Secretary-General Mohammad Barkindo said on Thursday he sees the global oil market rebalancing in the second or third quarter of 2018 ahead of the year-end forecast. .Speaking in an interview with Reuters in New Delhi, he also said there is growing confidence that oil producers would extend the cooperation pact beyond 2018.Russia will continue to play a key role in future market rebalancing pacts, Barkindo said."There is growing confidence that the declaration of cooperation will be extended beyond 2018," Barkindo told Reuters."Russia will continue to play a leading role."The initial draft of a long-term alliance between the Organization of Petroleum Exporting Countries and allied oil producers would be discussed at the Ju...


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