Oil demand growth is improving, but OPEC is still mindful of the fragility of the global economy and will not take precipitous action to cut production, pledged OPEC Secretary-General, ‘Abd Allah al-Badri.

His 28 January comments came as OPEC basket prices rose above $110/B in the wake of the attack on Algeria’s In Amenas gas facilities and follows a recent IEA report highlighting potential market tightness. (CONTINUED - 889 WORDS)