October 15, 2019 / 7:09 AM / a month ago

OPEC, allies to sustain oil market stability beyond 2020 - Barkindo

NEW DELHI, Oct 15 (Reuters) - The Organization of the Petroleum Exporting Countries and its allies are committed to sustaining oil market stability beyond 2020 with global physical supplies currently relatively tight, OPEC Secretary-General Mohammad Barkindo said on Tuesday.

He added that compliance with production quotas among OPEC and its allies was at 136%.

The group “will do whatever in its power to ensure sustainability is maintained,” he told the IHS CERA conference in New Delhi. (Reporting by Nidhi Verma and Promit Mukherjee; editing by David Evans)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below