Oil Market is Rebalancing at an Accelerating Pace

“There is no doubt that this market is rebalancing at an accelerating pace,” Mohammad Barkindo,OPEC’s secretary-general stated in a speech at the Oil & Money conference in London.

“Stability is steadily returning and there is far more light at the end of the dark tunnel we have been travelling down for the past three years.”
Stock levels in September were about 160 million barrels above that average, Barkindo said, which is down from 340 million in January. oilandgasOil and Gas News Undiluted !!! “The squeaky wheel gets the oil” Follow us: @OilAndGasPress on Twitter | OilAndGasPress on Facebook Disclaimer Most News articles reported on OilAndGasPress are a reflection of what is published in the media. OilAndGasPress is not in a position to verify the accuracy of daily news articles OilAndGasPress welcomes all viewpoints. Should you wish to provide a different perspective on the above article, please email us info@OilAndGasPress.com ]]>