Mohamed Barkindo, Secretary General of OPEC, made the following statement:
- There are still some market distortions, but I see it moving towards stability.
- We are working on a permanent framework between OPEC and its allies.
- I see a high level of conformity with regard to production cuts.
- We are working on an ongoing strategy to restore stability and sustain it beyond the current production cut agreement.
- The fundamentals of oil were not as strong as they are now.
- Strong fundamentals and positive global growth are driving prices higher.
- I see no signs of a slowing Chinese economy.
