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Interview: OPEC's Barkindo sees oil market rebalancing in Q2-Q3

Reuters  |  NEW DELHI 

(Reuters) - said on Thursday that he sees the global in the second to third quarters of 2018, earlier than a previous forecast of the year-end.

Speaking in an interview with in New Delhi, he also said there was growing confidence that would extend their cooperation pact beyond 2018.

will continue to play a key role in future market rebalancing pacts, Barkindo said.

"There is growing confidence that the declaration of cooperation will be extended beyond 2018," Barkindo told

"will continue to play a leading role."

The initial draft of a longer-term alliance between the Organization of the Petroleum Exporting Countries and non-would be discussed at their June meeting, he said.

(Reporting by and Alex Lawler; Editing by Dale Hudson)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, April 12 2018. 17:05 IST
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