OPEC's Barkindo says quick Saudi response was key to curbing volatility

FILE PHOTO: OPEC Secretary-General Mohammed Barkindo attends the OPEC Ministerial Monitoring Committee in Algiers, Algeria September 23, 2018. REUTERS/Ramzi Boudina - Copyright RAMZI BOUDINA(Reuters)

By Reuters

Published on 26/09/2019 - 07:34•Updated 26/04/2024 - 04:43

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NUR-SULTAN (Reuters) - Saudi Arabia's quick moves to restore output have been crucial to curbing oil price volatility after the global oil market had been shaken up following the recent attacks on some of its facilities, OPEC Secretary General Mohammed Barkindo said on Thursday.

Barkindo also said OPEC expected robust long-term growth in oil demand, especially from developing nations.

(Reporting by Mariya Gordeyeva; Writing by Olzhas Auyezov; Editing by Shri Navaratnam)

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