Weekend comments from OPEC Secretary-General Mohammad Barkindo, New Delhi.
- «There is a growing consensus on the fact that … a process of rebalancing is in progress. We are gradually but surely to the realization of our common and noble objectives
- To support this next year, some of the exceptional measures can be taken to restore the stability on a sustainable basis going forward»
He did not elaborate on what these measures might be
- to Reute
rs: exceptional measures may be needed in 2018, in order to rebalance the oil market: the OPEC Barkindo
- And also on Bloomberg: OPEC Says it is «Extraordinary» Steps that are Required for the stability of the Market in 2018
—Context is the most recent agreement (December 2016) between OPEC and the other producers to reduce oil production (price support)And to the members of the OPEC, in order to meet the 30 November in order to assess the market and production agreements.