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    25.01.2016 15:58 OPEC Secretary-General Abdalla El-Badri: the oil market will start to balance this year

    The Organization of Petroleum Exporting Countries (OPEC) Secretary-General Abdalla El-Badri said on Monday that the oil market will start to balance this year. The OPEC expects the oil demand to rise to about 1.3 million barrels a day this year, while output of non-OPEC members is expected to drop by about 660,000 a day.

     

    El-Badri noted that OPEC and non-OPEC oil producers should cooperate in balancing the oil market.


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