OPEC’s Barkindo: ‘So Far, So Good’ on Production Cut Deal Two weeks into OPEC’s first agreement to cut production in almost a decade, its top official’s assessment is “so far, so good.” Mohammed Barkindo on January 18. All 24 producers that agreed last month to reduce output are making “tremendous efforts” to do as they pledged, Mohammad Barkindo, secretary-general of the Organization of Petroleum Exporting Countries, said in a Bloomberg television interview in Davos, Switzerland. Still, at $55 a barrel crude remains “far away from the equilibrium price.” OPEC is cooperating with other nations in a bid to end a three-year oil surplus that’s weighed on prices and battered energy-dependent economies. Saudi Arabia and Russia, the two biggest producers involved in the accord, said this week they’re ahead of schedule with their supply cuts. The deal crafted in Vienna on Dec. […]