Elsewhere, Russia's energy minister, Alexander Novak, said on Monday that the country was ready to discuss cooperation with the United States to balance the oil market.
Still, OPEC will face rising anger from Iran, one of the cartel's top producers.
The US has also asked Russian Federation and Saudi Arabia to make up for the difference, something which has allowed those to countries to take up "hostage taking policies in the market", according to Iran's OPEC governor Hossein Kazempour Ardebili, the AP report added.
Washington is pushing allies to cut imports of Iranian oil to zero and will impose a new round of sanctions on Iranian oil sales in November. Energy ministers of Saudi Arabia, a U.S. ally, and Russian Federation said in May they were prepared to ease output cuts to calm consumer worries about supply.
Crude oil prices peaked at a near-term high of with WTI tapping into 70.40 on Tuesday, but was unable to make a challenge of last week's high of 71.25 after U.S. oil inventories showed yet another surprise build-up in their barrel counts yesterday.
USA oil futures rose more than $1 a barrel on Wednesday, bolstered by a fifth weekly crude inventory drawdown and strong domestic gasoline demand, amid ongoing supply concerns over US sanctions on Iran that come into force in November.
However, the report also added that Barkindo did not specify how the market, which is already tight, could make up for the loss of supply from a key producer like Iran.
Saudi officials were careful to avoid pinpointing a price target in their conversations, saying that while the kingdom has no desire to push prices higher than $80 a barrel, it may no longer be possible to avoid it. Concern over supply overshadowed a surprise increase in USA oil inventories.
Prices pared gains in post-settlement trade after data from industry group the American Petroleum Institute showed US crude inventories rose by 1.2 million barrels in the week to September 14 to 397.1 million, compared with analysts' expectations for a decrease of 2.7 million barrels.
OPEC members received approximately US$567 billion in net oil export revenues in 2017, up 29% from revenues in 2016, according to the US Energy Information Administration (EIA).
"Traders are ignoring today's API data given while focusing on news from the Middle East", Stephen Innes, head of Trading for APAC at OANDA wrote in a note.
Manchester City were Champions League favourites before the first round of group stage matches got underway. Samuel Umtiti was then sent off for Barca after picking up a second yellow card, but the damage was done.
Sony announced the news in a blog post early this morning, just a few weeks shy of the revolutionary console's 23rd anniversary. Gets his info on National Hockey League prospects from playing Franchise Mode on National Hockey League 18.
Britain will leave the bloc on March 29, 2019, with or without a deal, unless an extension to the 2-year leaving period is agreed. The pound fell on May's comments, which seemed to make the prospect of an economically disruptive "no deal" Brexit more likely.
The father of one injured child and a woman who works at the Queens day care were among those attacked, according to police. A man and woman have also been injured in the attack just before 4am (local time) and victims were either cut or slashed.
Kavanaugh has categorically denied the claim and said he is willing to testify before the Senate Judiciary Committee on Monday. The woman's attorneys called the date set by Republicans "arbitrary", according to multiple U.S. news reports.
It was his first interception since 2015 with the New York Giants . "When you're hungry for quarterbacks, you've got a ..." He has a habit of "seeing ghosts" when sitting back in the pocket and it seems to only compound after a few mistakes.
Without giving a timetable, Trump said the us and Poland planned to launch a "high-level diplomatic exchange" on energy security. Trump made the comments in Washington on September 18 before a meeting at the White House with Polish President Andrzej Duda .
Declan Rice played a key role in the win against Everton , controlling midfield and stopping the the defence becoming exposed. Ruben Loftus-Cheek, who has recovered from a recent calf injury, was however included in the travelling party.
As an example - earlier this year, it teamed up with the home builder Lennar to add Echo speakers in some new homes. An Alexa-powered microwave oven could possibly allow users to start/stop the microwave, and set cooking times.
GOP says time running out for Kavanaugh accuser to talk
She's done several things that indicate she sincerely believes she's accurately described something that really happened. It would certainly be understandable if Ford decided not to go through the brutal spectacle of a committee hearing.
Jimmy Butler Requests Trade, Handcuffs T-Wolves In Process
Shooting guard Jimmy Butler has requested a trade from the Minnesota Timberwolves , The Athletic reported Wednesday afternoon. Butler is downplaying his fractured relationship with Towns as a reason for wanting a trade, league sources said .
Court orders release of Nawaz Sharif, daughter
Two days ago, the anti-graft watchdog also moved the Supreme Court to block the Avenfield verdict suspension pleas before the IHC. Sharif - who was ousted from office a year ago by the Supreme Court for alleged corruption - was freed along with his daughter.
Young Boys vs Manchester United
Antonio Valencia has been ruled out by United boss Jose Mourinho , who has reservations about the Swiss team's artificial pitch. Manchester United heads to Switzerland to face Young Boys in their Champions League opener on Wednesday.