Mohammed Barkindo

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 …

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 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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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 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 …

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