The world oil market moves towards balance, and prices have become regulated. To such conclusion the Minister of energy, industry and mineral resources Saudi Arabia Khalid al-falih and elected OPEC Secretary General Mohammed Barkindo.
During the meeting in Dhahran in Saudi Arabia, they discussed the role of the cartel in maintaining stable oil markets and exchanged views on the supply and demand of oil, RIA Novosti reported, citing Agency SPA.
We will remind, the former head of the state oil company of Nigeria (Nigerian National Petroleum Corporation, NNPC) Mohammed Barkindo will lead OPEC on 1 August.
