The Traderszone Network

Published in TZ Latest News 25 January, 2016 by The TZ Newswire Staff

OPEC sec-gen urges non-OPEC to help clear oil stocks overhang

OPEC and non-OPEC oil producers need to work together to tackle a global stocks overhang so oil prices can recover and investments in new fields begin, OPEC Secretary-General Abdullah al-Badri said on Monday. “It is vital the market addresses the issue of the stock overhang. “Given how this developed, it should be viewed as something OPEC and non-OPEC tackle together.