OPEC’s Barkindo: Russia, OPEC are committed to stable oil markets - RTRS

Dhwani Mehta FXStreet

OPEC Secretary-General Mohammed Barkindo was on the wires now, via Reuters, reiterating his pledge to stabilize oil markets as well as address overcapacity issues.

Key Headlines:

Russia, OPEC are committed to stable oil markets

OPEC, Non-OPEC countries must address overcapacity issues

There are signs the rebalancing of fundamentals are under way

Demand is at healthy levels but overhang remains a major concern

Decision in Algiers helped to calm volatility in oil markets

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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