October 11, 2018 / 9:37 AM / 12 days ago

OPEC's Barkindo says oil market well supplied

LONDON (Reuters) - OPEC Secretary-General Mohammad Barkindo said on Thursday that the oil market has been reacting to perceptions of possible supply shortages and is largely being driven by decisions taken outside the producer group and its allies.

FILE PHOTO - OPEC Secretary General Mohammad Barkindo speaks during a session of the Russian Energy Week international forum in Moscow, Russia October 4, 2018. REUTERS/Sergei Karpukhin

“The market remains well supplied,” Barkindo said at the Oil & Money conference in London.

Reporting by Alex Lawler; Writing by Dale Hudson

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