According to the Secretary General of the Organization of petroleum exporting countries (Opec), Mohammad Barkindo, finally the efforts of producers are aiding in the reduction of supply and hence accelerating the market balance of "black gold".
In a statement carried on Conference Oil Money in & London, Mohammad said that there is light at the end of the tunnel and that the stability of oil anyway is returning. Since the end of 2016, OPEC member are following firm in reduction of production that will now be extended until March 2018.
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