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Oil market rebalancing at accelerating pace - OPEC secretary-general

Published 13/11/2017, 07:16
© Reuters. OPEC Secretary-General Barkindo listens during a news conference in Vienna

ABU DHABI (Reuters) - The oil market is rebalancing at an accelerating pace, as global levels of oil inventories have fallen visibly and demand for oil is robust, OPEC Secretary-General Mohammad Barkindo said on Monday.

© Reuters. OPEC Secretary-General Barkindo listens during a news conference in Vienna

Speaking at an energy industry conference, Barkindo said he was confident that both the oil industry and the global economy were benefiting from the deal to cut output among major producers.

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