OPEC’s Barkindo: Russia, OPEC are committed to stable oil markets - RTRS

OPEC Secretary-General Mohammed Barkindo was on the wires now, via Reuters, reiterating his pledge to stabilize oil markets as well as address overcapacity issues.

Key Headlines:

Russia, OPEC are committed to stable oil markets

OPEC, Non-OPEC countries must address overcapacity issues

There are signs the rebalancing of fundamentals are under way

Demand is at healthy levels but overhang remains a major concern

Decision in Algiers helped to calm volatility in oil markets