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Oil producers need extraordinary measures to rebalance market: Opec secy

Barkindo said consultations were under way for the extension of the OPEC-led pact beyond March 2018

Reuters  |  NEW DELHI 

OPEC and other oil producers may need to take "some extraordinary measures" next year to rebalance the oil market, the OPEC secretary-general said on Sunday. "There is a growing consensus that ... a rebalancing process is under way. We are gradually but steadily achieving our common and noble objectives," Mohammad Barkindo told reporters at the India Energy Forum organised by CERAWeek in New Delhi. "To sustain this into next year, some extraordinary measures may have to be taken in order to restore this stability on a sustainable basis going ...

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First Published: Mon, October 09 2017. 10:29 IST