20 January 2017, Davos, Switzerland — Oil stocks around the world need to decline by at least another 270 million barrels to reach a five-year industry average for OPEC to be able to say the markets are becoming balanced, OPEC Secretary General Mohammed Barkindo told Reuters. “The primary goal is to accelerate the stocks drawdown,” […] More »
OPEC chief sees oil stocks declining as cuts take effect
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