OPEC says determined to avoid an \'energy crisis\'

OPEC says determined to avoid an 'energy crisis'

AFP  |  Tehran 

is determined to avoid a global "crisis" as some of its members are facing international sanctions and others struggling with unrest, the cartel's said in on Thursday.

The will pursue this policy "despite current troubles in several of its member countries," he said.

His comments came as the end of US sanction waivers for purchases of from key member was due to kick in on Thursday.

Venezuela, another cartel member, is also facing sweeping US sanctions and in the throes of political troubles while fighting rages between rival forces for control Tripoli, capital of oil-rich

Barkindo did not name any country but said some producers were "currently under unilateral sanctions" -- a reference to and

Another country "is also going through transitional challenges with all its potential consequences," Barkindo said, also apparently about where is trying to rally demonstrators against

Another cartel member he said, alluding to Libya, "is fighting day in and day out to avoid an all-out war".

OPEC is "committed to stay united" and "not slip back into the chaos" it has faced in recent years, Barkindo said.

Iran, as a founding member of the organisation, has regularly slammed some of the cartel's members for going along with Washington's policies against and lacking solidarity.

On Wednesday, Iran's minister accused OPEC members he did not name of sowing "division" and threatening the cartel's "disintegration".

These countries -- he said referring to and -- were "exaggerating" their production capacity to reassure markets after the US lifted sanction waivers for buyers of Iranian crude.

The end of the exemptions announced on April 22 have sparked fears of supply shortages and pushed prices up.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, May 02 2019. 17:15 IST