OPEC Chief Says Focus Is on Keeping Market Well-Supplied

OPEC is focused on keeping the oil market well-supplied, even as the group continues to grapple with underinvestment, according to its top official.

“There’s no doubt that we are concerned with ensuring that the security of supply is also guaranteed,” OPEC Secretary General Mohammad Barkindo told reporters on the sidelines of an energy conference in Cairo. The group and its allies are working to “ensure that we continue to be reliable and dependable to supply oil to global markets.”