Comments from the OPEC general secretary:

  • At some point oil price will go up, no doubt about it
  • We didn't expect oil prices to fall so much
  • Don't know how we are going to live together with US shale firms

This is a pretty sad attempt at jawboning.

More:

  • The days of OPEC cutting output alone are over

Oil has been inching higher on his contents, no idea why.