There is no reason to question Russia’s commitment to an oil partnership

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OPEC: There is no reason to question Russia’s commitment to an oil partnership, today, Thursday, 5 March 2020 10:31 PM

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OPEC Secretary-General Mohamed Barkindo said on Thursday that there is no reason for the organization to question Russia’s commitment to efforts to stabilize oil markets. Barkindo made the remarks after the ministers of the Organization of Petroleum Exporting Countries (OPEC) held further talks to discuss what he described as the deteriorating market conditions. In response to a question about what OPEC will do if you decide …

OPEC: There is no reason to question Russia's commitment to an oil partnership

Source: Reuters

OPEC Secretary-General Mohamed Barkindo said on Thursday that there is no reason for the organization to question Russia’s commitment to efforts to stabilize oil markets.

Barkindo made the remarks after the ministers of the Organization of Petroleum Exporting Countries (OPEC) held further talks to discuss what he described as the deteriorating market conditions.

In response to a question about what OPEC would do if the non-members of the organization decided to participate in new larger production cuts: “I do not share pessimism with you.”

He said: OPEC will issue a new statement on the outcome of the latest consultations of the organization this evening.

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date of publicationMarch, 05/2020 20:24 GMT

Date of updateMarch, 05/2020 20:24 GMT

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