OPEC's Barkindo: Saudi Arabia has ample supplies in its inventories

Comments by OPEC secretary general, Mohammed Barkindo

Barkindo
  • Saudi Arabia has contained the situation so far
  • Saudi Arabia hasn't issued any oil force majeure

This continues to feed into the calmer tones offered over the past few hours and is helping to see markets settle down a little in European trading. Oil prices are off their earlier highs still with WTI near the $59 level while Brent is close to the $65 level currently.

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