OPEC Secretary-General Mohammad Barkindo, speaking at the Oil & Money conference in London, was noted saying that there are many non-fundamental factors influencing the oil market that are beyond oil producers’ control.
Additional quotes:
“¢ Wants to ensure that there is no shortage of crude in the market.
“¢ Saudi and Russia have added oil since June to restore balance in the market.
“¢ Implementation of OPEC’s June decision is a work in progress.
“¢ We are doing all we can within our capabilities.
“¢ We are deeply concerned about the spare of capacity.
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