OPEC's Barkindo: Oil market seen rebalancing in Q2-Q3 2018

OPEC Secretary General Mohammad Barkindo was out on the wires in the last hour and was noted saying:

   •  Oil market seen rebalancing in Q2-Q3 2018
   •  Growing confidence that oil producers will extend cooperation beyond-2018
   •  Russia to continue playing key role in future market rebalancing pacts
   •  Initial draft of long-term alliance between OPEC, non-OPEC to be discussed in June meeting
   •  OPEC compliance with pact is over 150% in March, over 120% for non-OPEC