OPEC announces the compatibility between the two products to manage production

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OPEC announces the compatibility between the two products to manage production


The number of visits: 389 Published on: 26/8/2016, 20:38 Published by: Messenger of Delphi

OPEC announces the compatibility between the two products to manage production

Secretary-General of the Organization of the Petroleum Exporting Countries said (OPEC) Mohammad Barkindo in remarks published in Al-Hayat that he sees "a growing consensus" within the organization and outside on the need to move to manage crude production to support prices.



Barkindo told the newspaper that there is "a growing consensus in OPEC and beyond that to the producers and beyond to take positions more proactive with regard to the management of production in order to be on the integration with the traditional powers of the market."



The Secretary-General in his remarks published in Arabic, "We saw where the organization has led the adoption in 2014 of non-interference in the price approach."



It is scheduled to meet OPEC members on the sidelines of the International Energy Forum, which includes producers and consumers in Algeria during the period from 26 to 28 September.



Barkindo said in response to a question about the possibility of reaching an agreement on the installation of production levels "Nothing is impossible in the current situation and I know that no country in the OPEC immune from the low price

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