OPEC’s Barkindo: ‘Cautiously optimistic’ market is rebalancing

Bloomberg reported weekend’s comments from the OPEC’s Secretary-General Mohammad Barkindo, as he spoke to reporters in Baghdad.

Main Headlines:

Production cuts implemented this year are bringing the market to balance

“I remain cautiously optimistic that the market is already rebalancing."

“We have started seeing stock levels coming down.”

 “Assured (Iraq) they will comply fully.”