OPEC Sees No Opposition to Cuts Extension, Focuses on Duration
- Secretary-General Barkindo optimistic more nations will join
- Producers will discuss extension at Nov. 30 meeting in Vienna
OPEC's Barkindo Says Oil Rebalancing Is Finally in Sight
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OPEC sees no opposition to prolonging its production cuts beyond March and discussions are now focusing on the duration of the extension, said the group’s top official.
“We’ve not had any party that is objecting to extending the supply arrangement,” OPEC Secretary-General Mohammad Barkindo told reporters in Vienna on Tuesday. “It is the duration, and the terms and conditions that are being discussed.”