OPEC’s Barkindo predicts end of low oil prices - TASS

After talks with Venezuelan President Nicolas Maduro in Caracas on Thursday, OPEC Secretary General Mohammed Barkindo noted that he sees the worst cycle of low oil prices to end soon, TASS reports.

Key Quotes:

"As President Maduro said, we became witnesses to the worst cycle of low oil prices in the last 60 years" 

"This period continues, and we are possible at its final stage”

He noted that all oil producing countries felt the negative effect of decreasing prices for hydrocarbons, and thanked Maduro for the big contribution to "the process of strengthening the oil market."