Oil market heading towards balance, more draws needed – OPEC sec-gen

Oil market heading towards balance, more draws needed – OPEC sec-gen

April 28, 2017
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By hellenicshippingnews.. OPEC Secretary-General Mohammad Barkindo said on Thursday that an overhang in global oil inventories was declining but stockpiles still needed to fall closer to the five-year industry average. “While it is evident that the market rebalancing is now moving forward and investment specifically in short-cycle projects is returning, it is essential we do not take … Read full story ›

Source:: Hellenic shipping news Oil