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Barkindo: Factors beyond the control of producers affect the oil market
OPEC Secretary-General Mohamed Barkindo said on Thursday there were many non-core factors affecting the oil market outside the control of crude producers.
Barkindo, speaking at the Oil and Finance Conference in London, said he wanted to ensure that there was no shortage of crude in the market.
Oil prices rose this year on expectations that US sanctions on Tehran would squeeze supplies by cutting shipments to OPEC's third largest producer. Brent crude hit $ 86.74 a barrel last week, the highest level since 2014.
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