- OPEC-Non-OPEC Technical Committee Worried About Oil Market Conditions - Algerian Delegate
OPEC-Non-OPEC Technical Committee Worried About Oil Market Conditions - Algerian Delegate
Sumaira FH 4 days ago Sat 10th November 2018 | 09:14 PM
The Technical Committee of the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC countries is alarmed by the current state of affairs in the energy market, Achraf Benhassine, the Algerian national representative in OPEC, said on Saturday.
"We are worried about the situation in the [oil] market, global economy and the demand and the supply," the Algerian delegate told reporters on the results of the meeting of the OPEC-non-OPEC technical committee in Abu Dhabi, which is responsible for overlooking the Vienna deal on the oil production cuts and giving its recommendations for the oil producers.
"It's around 104 percent. This is preliminary, because we don't have the 6th source, we are missing one," the Algerian delegate told reporters, when asked about the conformity level of OPEC and non-OPEC countries with production cuts in October.