Barkindo: Additional steps must be taken to keep oil market stable

Barkindo: Additional steps must be taken to keep oil market stable S.Arabia and Russia are chairing the discussions
Energy
October 9, 2017 12:18
Barkindo: Additional steps must be taken to keep oil market stable
AFP 2017/ PIUS UTOMI EKPEI

Baku. 9 October. REPORT.AZ/ In order to maintain the stability of the oil market in 2018, producer countries may be forced to take some additional steps.

Report informs citing the Bloomberg, OPEC Secretary General Mohammad Barkindo said during his speech in New Delhi.

During a meeting with Indian oil minister Dharmendra Pradhan, M.Barindo said: "First, there is a consensus on the process of re-balancing the oil market. Second, there is also consensus to take further steps to ensure stability in 2018 year”. 

Barkindo added that the negotiations in OPEC are headed by S.Arabia and Russia.

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