Mohammed Barkindo

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Last quote by Mohammed Barkindo

The speed and pace (of destocking) has accelerated as a result of anticipated and projected demand growth in the second half of 2017 to the tune of 2 million bpd. We are witnessing a fast return to a balanced market.feedback
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Oct 10 2017 OPEC
Mohammed Barkindo has most recently been quoted in an article called OPEC Secretary General urges U.S. shale oil producers to help cap global supply. Mohammed Barkindo said, “Demand-supply is returning to rebalance through massive destocking that we have been witnessing of stocks in OECD across regions in a very massive way. In the past four months alone, we have seen destocking to the tune of 130 million bpd.”. Mohammed Barkindo has been quoted a grand total of 32 times in 26 articles.
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Mohammed Barkindo quotes

Feb 22 2017 - OPEC

All countries involved remain resolute in the determination to achieve a higher level of conformity.feedback

Feb 21 2017 - OPEC

We will continue to focus on the level of inventory drawdown to bring the level closer to the five-year industry average.feedback

Feb 21 2017 - OECD

All countries involved remain resolute in the determination to achieve a higher level of conformity. It was evident in the last quarter of 2016 that total OECD commercial oil stocks were falling, and it is expected that we will see a further drop during 2017.feedback

Jan 26 2017 - Qatar

It's teamwork. Everybody worked very hard, especially Russia.feedback

Jan 26 2017 - OPEC

This investment project will further strengthen OPEC and non-OPEC relations. The investment (Rosneft deal) is very strategic for all the parties involved.feedback

Jan 20 2017

The world needs stability in order to restore robust economic growth and ensure this task is achieve through collaboration at all levels.feedback

Jan 16 2017 - OPEC

We remain optimistic Mr. President that with the full and timely implementation of this historic decision between us and non-OPEC, in 2017 the situation of our economies will improve tremendously. And stability to the oil market that has eluded us for nearly three years will be restored on a sustainable basis in the interest of producers, consumers and the global economy.feedback

Jan 13 2017 - OPEC

I am confident ...I have no doubt about it.feedback

Jan 13 2017 - OPEC

I remain confident that ... this historic and landmark decision will be implemented fully.feedback

Dec 10 2016 - OECD

For non-OPEC expect cuts of 600,000 barrels per day or more... This is a very historic meeting... This will boost the global economy and will help some OECD countries to reach their inflation targets.feedback

Nov 08 2016 - OPEC

The lower oil price environment is expected to see overall non-OPEC supply decline in the period 2016–2017, before slowly rising again to 2021.feedback

Nov 07 2016 - OPEC

We as OPEC we remain committed to the Algiers accord that we... put together. All OPEC 14 we remain committed to the implementation.feedback

Nov 07 2016 - Algeria

Russia is on board.. I will not disclose details.feedback

Oct 29 2016 - OPEC

Our deliberations today, and tomorrow with some non-OPEC producers, could very well have fundamental ramifications for the market, as well as for the medium to long term of the industry.feedback

Oct 11 2016 - OPEC

We are confident that the other non-OPEC producers will join this (agreement) because it is in the benefit of all producers ... and also consumers.feedback

Oct 11 2016

It's not an issue of price at the moment. Until we get the market to rebalance we will not be able to achieve a fair price.feedback

Oct 07 2016 - OPEC

Consultations remain ongoing among the OPEC-14, the High Level Committee initiated by the OPEC conference is moving forward on the implementation of the Algiers decision. Steps are being taken to further develop a framework for high-level consultations between OPEC and non-OPEC oil-producing countries. We believe there is firm and common ground for continuous collaborative efforts among producers, both within and outside OPEC.feedback

Sep 18 2016 - Algeria

The informal gathering was proposed as a move to having an extraordinary meeting with the aim of taking decisions to stabilize the market.feedback

Sep 17 2016 - Algeria

We met in June, it is September now and a lot of things happened between the two dates.feedback

Aug 26 2016 - OECD

Nothing is impossible in the current situation.feedback

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