OPEC Sec Gen Barkindo: Oil market rebalancing at accelerating pace

Reuters reports the following comments crossing the wires from the OPEC Secretary General Mohammed Barkindo.

Oil market rebalancing at accelerating pace.

Oil demand growth to stay above 1.5m b/d in 2017/18.

Global cuts only viable option to restore stability.

Global stock levels visibly down.

Global demand for oil is robust.