OPEC Secretary-General Mohammad Barkindo addresses a news conference in Vienna, Austria. (File photo: Reuters)
OPEC chief Barkindo encourages OPEC+ to stay the course, remain vigilant
OPEC Secretary General Mohammad Barkindo said OPEC+ participants should “stay the course” regarding the group’s decisions, ahead of an OPEC+ meeting on Thursday where the group is expected to stick to its existing deal of gradual output increases.
Barkindo said that OPEC+ members should remain “vigilant and attentive to ever-changing market conditions,” according to an OPEC statement.
For the latest headlines, follow our Google News channel online or via the app.
OPEC+ will likely stick to plans for a modest increase in oil output in May, several sources close to the talks told Reuters, despite a surge in prices due to the Ukraine crisis and calls from the United States and others for more supply.
“We urge global leaders to ... once again ensure an unhindered, stable and secure flow of energy to the whole world,” Barkindo said in reference to recent market developments.
Read more: Oil prices rebound on tight supply, prospects of new Russia sanctions
Also Read
-
Russia won’t demand immediate switch to ruble for gas payments: Kremlin -
Germany activates emergency plan to secure gas supply against Russia ruble mandate -
Oil prices rebound on tight supply, prospects of new Russia sanctions -
Squeezing any member out of OPEC+ would only result in oil price hike: UAE minister -
UAE energy minister says OPEC+ is not political -
Saudi oil chief says energy security imperiled by attacks -
OPEC+ set for only slight output target increase despite Ukraine: Sources
Editor's Choice
-
Arab nations’ best moments of the 2026 World Cup group stage Sports 3 days ago -
Pezeshkian post confirms accuracy of Al Arabiya English’s US-Iran deal scoop Middle East 18 June ,2026 -
US-led effort to boost Lebanon’s army emerges as key pillar of Hezbollah disarmament Middle East 04 June ,2026 -
US, Iran send mixed signals on potential deal after latest attacks Middle East 28 May ,2026