The head of OPEC does not expect a peak of oil demand in the next years

The secretary general of OPEC Muhammad Barkindo does not expect that in the next years the oil demand can reach peak. He declared it at the energy CERAWeek conference in Houston, TASS reports.

"I will share opinion of the International Energy Agency (IEA) that the peak of oil demand in the next years will not occur. We (OPEC) carried out the analysis and came to the same conclusion", - Barkindo told during the discussion about prospects of the international market of oil with the chairman of a conference Daniel Ergin and the head of IEA Fatih Birol.

The OPEC also agreed with producers of slate oil of the USA to continue dialogue about market stabilization.

"I am very satisfied what heard from producers of the extracted oil (during a dinner in Houston in the run-up to the conference). We agreed to support dialogue, and some of them confirmed the participation in work of a working group of OPEC - IEA in Vienna next week", - he told.

Barkindo also added that "OPEC at the meeting in May will consider membership of Equatorial Guinea in shipping conference".

Source: Ministry of Foreign Affairs Turkmenistan