MADRID (Reuters) - Secretary-General Mohammad Barkindo called for cooperation between OPEC and non-OPEC countries on Tuesday, warning that failure to do so could lead to one crisis after another.
"It is important that OPEC and non-OPEC countries cooperate so that we do not fall from one crisis to another," Barkindo said at an event organised by Spanish oil and gas company Cepsa in Madrid.
Iranian Oil Minister Bijan Zanganeh said on Sunday he hoped decisions taken by the OPEC and non-OPEC ministerial committee would not be affected by comments made by the U.S. President Donald Trump on oil producers.
Trump, in a tweet, has linked U.S. support for Middle Eastern countries to oil prices and has repeatedly urged OPEC to lower prices.
OPEC and its allies reduced oil output in August as a drop in Iranian supply due to U.S. sanctions.
Global energy demand is expected to grow by 33 percent to 2040, the Secretary General of the Organization of the Petroleum Exporting Countries, Barkindo said, citing the group's long-term world oil outlook, released on Sunday.
Oil would continue to have a predominant role in the energy mix for the foreseeable future, Barkindo said during a question and answer session.
(Reporting by Robert Hetz; Writing by Paul Day, editing by Louise Heavens)
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
