23 Nov 2024
Thursday 11 October 2018 - 14:51
Story Code : 322884

OPEC's Barkindo: factors beyond producers' control are impacting oil market

OPEC
Reuters - OPEC Secretary-General Mohammad Barkindo said on Thursday that there are many non-fundamental factors influencing the oil market that are beyond oil producers control.

Barkindo, speaking at the Oil & Money conference in London, also said he wanted to ensure there is no shortage of crude in the market.

Oil prices have rallied this year on expectations that U.S. sanctions on Iran will strain supplies by lowering shipments from OPECs third-largest oil producer. Brent crude last week reached $86.74, the highest since 2014. (Reporting by Alex Lawler; Writing by Dale Hudson)
https://theiranproject.com/vdcg7x9wtak9x74.5jra.html
Your Name
Your Email Address