OPEC calls on non-member countries to solve the problem of excess oil on the market.
"It is important to solve the issue of the stock surplus. Oil prices will start to grow after the glut in the market is eliminated," the OPEC Secretary General, Abdallah Salem el-Badri, said at a conference in London.
According to him, the OPEC countries and non-OPEC countries must work together to solve this problem.
The Secretary General noted that in 2015 oil production growth was observed both in OPEC and non-OPEC countries.
Al-Badri expressed confidence that the market will overcome the current period of low prices.
According to him, cooperation among oil producers will eventually lead to the return of stability to the market, Trend reports.
