India expects reasonable oil prices from OPEC
India expects reasonable crude oil price from OPEC member countries, Union Minister of Petroleum and Natural Gas Dharmendra Pradhan told Secretary General of OPEC Mohammad Barkindo. "I have …
Mohammed Barkindo
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Barkindo appreciates Azerbaijan's complience with OPEC deal
Azerbaijan is among over-conforming non-OPEC countries, according to OPEC Secretary General Mohammad Sanusi Barkindo. “Our conformity levels have continued to significantly improve and reached an unprecedented …
OPEC Secretary General to participate in Russian Energy Week in Moscow
OPEC Secretary General Mohammed Barkindo confirmed his participation in the International Energy Saving and Development Forum Russian Energy Week (REW-2017), which will be held in Moscow. According to the information, published on the …
Excellent result of OPEC+
OPEC Secretary General Mohammad Barkindo evaluates the results of the deal of OPEC and non-cartel oil producers to cut oil output as excellent. "Both OPEC and non-cartel countries, in spite of all difficulties, in …
Opec chief says oil rebalancing to gain momentum
The oil market will need more crude from Libya and Nigeria as it re-balances, the Opec secretary general Mohammad Barkindo said, The National reports. Compliance with production cuts by members of Opec is …
Barkindo: global oil inventories drop by 100 million barrels
Global oil inventories dropped by 100 million barrels in the first six months, OPEC Secretary General Mohammed Barkindo said, speaking at the World Petroleum Congress in Istanbul. "Global oil inventories …
OPEC+ prepare continuity strategy
Participants in the OPEC+ oil production limiting agreement are working on the continuity strategy instead of preparing the strategy for exit from the deal expiring in March 2018, OPEC Secretary General Mohammed Barkindo said on the sidelines of …
Russia and OPEC to discuss oil in Istanbul
Secretary General of Organization of the Petroleum Exporting Countries (OPEC) Mohammed Barkindo and Russian Energy Minister Alexander Novak will hold talks at the 22nd World Petroleum Congress (WPC) in …
Barkindo: Russia helps OPEC to overcome most difficult period in its history
Russia has helped OPEC to overcome the most difficult period in its history over the past 40 years, OPEC Secretary General Mohammed Barkindo said at a meeting with the Russian Prime Minister Dmitry Medvedev. …
Oil prices whipsaw in wild trading as potential holdout Iraq supports OPEC deal
However, there is no any objection from OPEC members to a nine-month extension
OPEC deal does not save oil - oil prices hit bottom
The cost of the July futures of Brent crude oil on London's ICE trading decreased by 2.8% to $46.63 per barrel, breaking the minimum of November 29, 2016. For the first time since November 30, 2016 the oil price declined below the …
OPEC: oil producers close to re-balancing market
Oil-producing nations are moving closer toward ending a global glut and re-balancing the crude market, OPEC Secretary-General Mohammad Barkindo said at a conference in Abu Dhabi. The OPEC and other major producers are …
Oil output monitoring committee to meet in Vienna on May 24
Russia and OPEC will hold the meeting of the oil output monitoring committee on May 24 in Vienna, OPEC Secretary General Barkindo said. The meeting will be attended by the Russian Energy Minister Aleksander …
US plans shale production growth despite OPEC's warning
US shale oil producers are plotting ambitious production growth outside the red-hot Permian Basin in Texas, widening a resurgence that could confound OPEC's strategy to tighten global supplies. As shale firms rebound from a two-year …
Secretary General: Russia supports OPEC
The Organization of the Petroleum Exporting Countries (OPEC) received enough support from Russia despite the fact that it has no plans to join the cartel, OPEC Secretary General Mohammad Barkindo said. "I think he …
Russia's Novak to meet with OPEC Secretary-General
Russian Energy Minister Alexander Novak will meet with OPEC Secretary-General Mohammad Sanusi Barkindo on the margins of the CERAWeek conference in Houston. "I think we will certainly meet on …
OPEC Lost $2 Trillion In Oil Price Slump
Extending the cut will also increase the likelihood of some OPEC members giving in to the temptation to cheat
OPEC Secretary General: oil market still far from equilibrium
The oil market was still far from equilibrium, OPEC Secretary General Mohammed Barkindo said, speaking at the International Petroleum Week conference in London. "Current oil prices are still far from balanced and …
OPEC Chief says expects high oil producer compliance with output cut deal
Organization of the Petroleum Exporting Countries (OPEC) Secretary-General Mohammed Barkindo on Thursday expressed confidence that both OPEC and oil producers outside the cartel should comply with the 2016 …
Barkindo: Novak is brilliant
OPEC Secretary General Mohammed Barkindo has highly appreciated Russia’s role and in particular the role of Energy Minister Alexnder Novak in reaching agreements on measures to stabilize oil market. …
