OPEC Secretary-General Mohammed Barkindo forecast on Monday
that stability would return to oil markets this year while price hawk Venezuela
said it hoped its crude basket would rise to $70 in coming months. The head of
the Organization of the Petroleum Exporting Countries was back in Caracas for a
second meeting in two months with President Nicolas Maduro whom he lavishly
praised for an "inspirational" role in the producers' pact to cut
output. "We remain optimistic Mr. President that with the full and timely
implementation of this historic decision between us and non-OPEC, in 2017 the
situation of our economies will improve tremendously," Barkindo said at a
news conference with Maduro. More… 
Tuesday, January 17, 2017
OPEC sees market stability in 2017, Venezuela aims for $70 price
OPEC Secretary-General Mohammed Barkindo forecast on Monday
that stability would return to oil markets this year while price hawk Venezuela
said it hoped its crude basket would rise to $70 in coming months. The head of
the Organization of the Petroleum Exporting Countries was back in Caracas for a
second meeting in two months with President Nicolas Maduro whom he lavishly
praised for an "inspirational" role in the producers' pact to cut
output. "We remain optimistic Mr. President that with the full and timely
implementation of this historic decision between us and non-OPEC, in 2017 the
situation of our economies will improve tremendously," Barkindo said at a
news conference with Maduro. More… 
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