BLOOMBERG.COM
All 24 producers that agreed last month to reduce output are making “tremendous efforts” to do as they pledged, Mohammad Barkindo, secretary-general of the Organization of Petroleum Exporting Countries, said in a Bloomberg television interview in Davos, Switzerland. Still, at $55 a barrel crude remains “far away from the equilibrium price.”
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All 24 producers that agreed last month to reduce output are making “tremendous efforts” to do as they pledged, Mohammad Barkindo, secretary-general of the Organization of Petroleum Exporting Countries, said in a Bloomberg television interview in Davos, Switzerland. Still, at $55 a barrel crude remains “far away from the equilibrium price.”
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