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11 Apr 2018
OPEC’s Barkindo: OPEC, non-OPEC partnership is working - RTRS
OPEC Secretary-General Mohammad Barkindo is out on the wires, via Reuters, saying that OPEC numbers have shown market has been successfully de-stocked in both onshore & offshore.
Additional headlines:
• Inventories now over 5-year average still have some work to do
• To monitor, evaluate market conditions, especially the impact of rebalancing the market
• Joint technical committee to continue meeting through 2018 to keep evaluating data
• Haven’t seen increase in investments in line with market rebalancing
• OPEC, non-OPEC partnership is working