OPEC Secretary-General, Mohammad Barkindo, said on Thursday at an economic forum in Russia’s St Petersburg:
- Too early to say when production caps could be imposed on Libya and Nigeria, they have a lot of issues to solve;
- On oil price decline: we have no issues with people taking positions in the market, we are focusing on fundamentals;
- Russian Prime Minister Dmitry Medvedev told him Russia was fully committed to complying with output cuts.