OPEC Secretary General Mohammad Sanusi Barkindo speaking to Al-Hayat

  • an approach of no action does not allow reaching a just price for all parties
  • "nothing is impossible in the present conditions" with regard to an oil output freeze
  • there is increased understanding among OPEC and non-OPEC members for a move to manage production

Barkindo, the former Nigerian oil min has been OPEC sec gen since 1 Aug replacing el-Badri who served from 2007.

Brent currently $49.52, WTI $47.30 both trading tightly