Opec and the US Energy Information Administration (IEA) have agreed in principle to meet more often to discuss oil markets following a get together in Washington yesterday.
Opec general secretary Mohammad Barkindo met IEA administrator Adam Sieminski to provide an update on the recent output deal agreed by the cartel.
IEA staff members then delivered a presentation based on the EIA’s oil outlook reports, which focus on various aspects of the market, and considered supply and demand factors for 2017
At the end of the meeting, both parties “expressed a desire to continue such meetings and expand the number of technical visits”, Opec said in a statement.
The OPEC delegation later visited the Inter-American Development Bank (IADB), which is also based in Washington
Earlier this week, the Secretary General and accompanying OPEC officials met with representatives and executives from IHS Markit, the Center for Strategic and International Studies and the Commodity Futures Trading Commission.