OPEC’s Barkindo hopes for oil market stability this year: Azeri TV

BAKU (Reuters) – OPEC Secretary-General Mohammad Barkindo said on Monday he hoped a global deal to reduce oil production would help restore stability to global oil markets in the course of the year, he told Azeri TV station Real TV in an interview.

“We are beginning to see that the stability is gradual but still returning to the market,” Barkindo said during a visit to the Azeri capital of Baku, adding that oil producing countries participating in the deal members are currently focused on extending the deal to December 2018.

“At the moment we are focused on achieving our objectives and Inshallah in the course of the year we would be able to restore stability to the market,” Barkindo told Real TV.

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