Home OPEC’s Barkindo: No reason to doubt Russia’s commitment
FXStreet News

OPEC’s Barkindo: No reason to doubt Russia’s commitment

OPEC Secretary-General Mohammad Barkindo announced that they will be publishing a statement on the outcome of the informal meeting that took place Thursday evening.

When asked what OPEC will do if non-OPEC producers do not agree to additional output cuts, “I don’t share your pessimism. There is no reason to doubt Russia’s commitment,” Barkindo added.

WTI reaction

Crude oil prices largely ignored these remarks. The barrel of West Texas Intermediate (WTI) was last seen trading at $46.10, erasing 2.3% on a daily basis. 

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.