Weekend comments from OPEC Secretary-General Mohammad Barkindo, speaking in New Delhi.
- "There is a growing consensus that ... a rebalancing process is under way. We are gradually but steadily achieving our common and noble objectives
- To sustain this into next year, some extraordinary measures may have to be taken in order to restore this stability on a sustainable basis going forward"
He did not elaborate on what these measures might be
More here
- at Reuters: Extraordinary steps may be needed in 2018 to rebalance oil market: OPEC's Barkindo
- And also at Bloomberg: OPEC Says 'Extraordinary' Steps Needed for Stable Market in 2018
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Background to this is the most recent agreement (December 2016) between OPEC and other producers to cut oil output (to support prices)
And, ahead - OPEC to meet on November 30 to assess the market and production agreements.
