ABU DHABI—OPEC’s Secretary General Mohammad Barkindo said on Nov. 13 he is confident that the United States and China would reach a trade deal and that it would remove a “dark cloud” over the oil market.
It is premature to discuss the December OPEC+ decision and it is too early to say if further output cuts would be needed, Barkindo told reporters on the sidelines of an industry event in Abu Dhabi.
OPEC and its non-OPEC partners need to continue working together to weather uncertainties and are committed to doing so, he said.
Cheniere, the biggest U.S. LNG exporter, said in a filing earlier this week that its proposed process would prioritize work on one tank, known as S-101, and allow that tank to return to service in the near term.
The energy regulator has approved three new LNG export projects plus an expansion of an existing facility in Texas, though the facilities are not guaranteed to go forward.
Political and legal questions threaten the development of the sprawling region’s multiple plays.