New OPEC secretary-general Mohammed Barkindo: oil market will rebalance starting from the fourth quarter to first/ second quarter of the next year

Market news

3 June 2016

New OPEC secretary-general Mohammed Barkindo: oil market will rebalance starting from the fourth quarter to first/ second quarter of the next year

A former managing director of the Nigerian National Petroleum Corporation (NNPC), Mohammed Barkindo, was appointed the secretary-general of the Organisation of Petroleum Exporting Countries (OPEC) on Thursday. He replaced the Libyan Minister of Oil Abdalla El-Badri.

Barkindo said that the oil market would rebalance starting from the fourth quarter to first/ second quarter of the next year.

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