KUWAIT CITY: Organization of the Petroleum Exporting Countries (OPEC) is confident that the oil market will be “more balanced” next year as non-OPEC production has contracted and global demand is increasing, the cartel’s secretary general Abdullah el-Badri said on Sunday.

“OPEC is confident that it will see a more balanced market in 2016,” Badri told an oil and gas conference in Kuwait City.

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