OPEC sees a strong rebound in oil demand in the second half of 2021 with oil inventories shrinking but the producer group also sees coronavirus variants posing a risk to the recovery.
Demand in 2021 was expected to grow by 6 million barrels per day , with 5 million bpd of that in the second half, OPEC Secretary General Mohammad Barkindo told Tuesday's meeting of the Joint Technical Committee of OPEC+, an alliance made up of OPEC states, Russia and their allies.
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