OPEC Secretary-General is expected to balance the market in the second half of 2017
Expected the Secretary-General of the Organization of Petroleum Exporting Countries (OPEC), the global market balance during the second half of this year.
Mohammed Barkindo told Bloomberg Agency, during a conference in Paris on Thursday that the organization substantially satisfied with the commitment to reduce production, in addition to accelerating the growth of demand for crude.
It is scheduled to meet oil producers of OPEC and abroad on 25 May in Vienna to discuss the decision to extend production cuts agreement.
The price of benchmark Brent rose 1.1% to $ 49.07 a barrel at 12:08 pm GMT. jh