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OPEC Secretary General urges US shale oil producers to assistance cap international provide

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OPEC’s Secretary General Mohammed Barkindo on Tuesday termed on U.S. shale oil producers to assistance curtail international oil provide, warning incredible steps could be required future year to maintain the rebalanced sector in the medium to very long term.

OPEC Secretary General Mohammed Barkindo speaks to the media during his visit in Abuja, Nigeria Febuary 27, 2017. REUTERS/Afolabi Sotunde

NEW DELHI: OPEC’s Secretary General Mohammed Barkindo on Tuesday termed on U.S. shale oil producers to assistance curtail international oil provide, warning incredible steps could be required future year to maintain the rebalanced sector in the medium to very long term.

“We urge our pals, in the shale basins of North The us to take this shared duty with all seriousness it justifies, as just one of the essential classes learnt from the present-day unique provide-pushed cycle,” stated Barkindo.

The Group of the Petroleum Exporting Nations around the world official’s feedback arrived during a speech shipped at a meeting.

(Reporting by Nidhi Verma, Promit Mukherjee and Neha Dasgupta Editing by Kenneth Maxwell)



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admin • October 10, 2017


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