We certainly cannot afford to be accumulating debts capable of enslaving our future generations,” the Anglican primate warned.
This is compared with 106.41 dollars per barrel recorded on Tuesday, according to OPEC Secretariat calculations as released on Thursday.
This price is in comparison to the $103.89 per barrel of the previous Friday.
He was the much-loved leader of the OPEC Secretariat and his passing is a profound loss to the entire OPEC Family, the oil industry and the international community.
Mr Barkindo’s term as secretary-general was to end on July 31.
The increment is deemed inadequate to counter rising oil prices.
Ecuador has been embroiled in mass anti-government protests since June 13, so far resulting in the death of six people.
The OPEC report showed that crude oil output increased in Saudi Arabia, the United Arab Emirates, Kuwait, Angola, Algeria, and Congo.
The price of the Organisation of the Petroleum Exporting Countries (OPEC) basket of 13 crude oil samples stood at $123.21 per barrel Thursday.
The oil exporters’ cartel said it would increase supply by 648,000 barrels per day in July.
