Economy

OPEC SG says U.S.-China trade deal would remove ‘dark cloud’ on oil market

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OPEC’s Secretary General Mohammad Barkindo said on Wednesday he is confident that the U.S. and China would reach a trade deal and that it would remove a “dark cloud” over the oil market.

It is premature to discuss the December OPEC+ decision and it is too early to say if further output cuts would be needed, Barkindo told reporters on the sidelines of an industry event in Abu Dhabi.

Organisation of Petroleum Exporting Countries (OPEC) and its non-OPEC partners need to continue working together to weather uncertainties and are committed to doing so, he said.

AOM/SH

Edited by Abdullahi Mohammed/Sadiya Hamza

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