April 11, 2018 / 7:30 AM / 2 months ago

BRIEF-OPEC Secy General Barkindo: Inventories Are Now Over 5 Yrs Average, Still Have Some Work To Do

* OPEC SECY GENERAL BARKINDO SAYS OUR NUMBERS SHOW THAT WE HAVE SUCCESSFULLY DE-STOCKED MARKET IN BOTH ONSHORE AND OFFSHORE

* OPEC SECY GENERAL BARKINDO SAYS INVENTORIES ARE NOW OVER 5 YEAR AVERAGE AND WE STILL HAVE SOME WORK TO DO

* OPEC SECY GENERAL BARKINDO SAYS WILL MONITOR AND EVALUATE MARKET CONDITIONS, ESPECIALLY THE IMPACT OF REBALANCING THE MARKET

* OPEC SECY GENERAL BARKINDO SAYS JOINT TECHNICAL COMMITTEE WILL CONTINUE TO MEET THROUGH 2018 TO KEEP EVALUATING THE DATA

* OPEC SECY GENERAL BARKINDO SAYS WE HAVE NOT SEEN INCREASE IN INVESTMENTS IN LINE WITH MARKET REBALANCING

* OPEC SECY GENERAL BARKINDO SAYS PARTNERSHIP BETWEEN OPEC AND NON OPEC IS WORKING

* OPEC SECY GENERAL BARKINDO SAYS WE REMAIN CAUTIOUSLY OPTIMISTIC THAT THE INVENTORIES WILL COME AT 5 YEAR AVERAGE

* OPEC SECY GENERAL BARKINDO SAYS WE HAVE TO LOOK BEYOND REBALANCING OF THE MARKET AND THIS PARTNERSHIP SHOULD GO ON BETWEEN OPEC AND NON-OPEC

* OPEC SECY GENERAL BARKINDO SAYS WE ARE KEEPING OPTIONS OPEN FOR OTHER MEMBERS TO COME AND JOIN THE NON-OPEC SIDE AND CONSULTATIONS ARE ON

* OPEC SECY GENERAL BARKINDO SAYS COMPLIANCE OF OPEC MEMBERS FOR SUPPLY CUT HAS BEEN ABOVE 100 PERCENT FOR FEBRUARY

* OPEC SECY GENERAL BARKINDO SAYS WE ARE EXPECTING COMPLIANCE OF SUPPLY CUT NUMBERS IN MARCH WILL SURPASS THAT OF FEBRUARY’S (Reporting By Promit Mukherjee in NEW DELHI)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below