OPEC Chief Barkindo: US sanctions on OPEC would be counterproductive

Mohammad Sanusi Barkindo, OPEC’s Secretary General, is on the wires now, noting that market is responding positively to OPEC+ meeting.

Additional Comments:

Venezuela is addressing power blackouts.

Practically impossible’ to cut Iran oil to zero.

US shale industry defying own output projections.

No OPEC would not serve best interest of US.

US sanctions on OPEC would be counterproductive.