War: Ukraine, Russia conflict causing huge volatility in energy market - OPEC

  • 📰 DailyPostNGR
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 59%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

The Organisation of the Petroleum Exporting Countries (OPEC) says the ongoing war by Russia in Ukraine is causing huge volatility in the global energy

Mr Mohammad Barkindo, OPEC Secretary-General, made the assertion while speaking at the virtual 62nd Meeting of the Joint Technical Committee on Wednesday.

He said: “As highlighted at our last meeting, the conflict has compounded the uncertainties related to the pandemic. “From the oil market perspective, however, what is clear is that Russia’s oil and other liquids exports of more than seven million barrels per day cannot be made up from elsewhere. The spare capacity just does not exist.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 11. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

EXPLAINER: How Russia/Ukraine war is affecting Nigeria’s wheat marketWheat is considered as one of the most consumed staple food in Nigeria. The wheat value chain is quite large as it can be processed I cure Diabetes in less than two weeks with powerful Herbal mixture that is prepared with some fruits leafs,after taken my Herbal mixture,u will be able to eat any food of ur choice,if u are living with Diabetes,u will be restricted frm eaten some certain foods,I bring hope for u
Source: Daily Trust - 🏆 13. / 51 Read more »