Secretary General of the Organisation of Petroleum Exporting Countries , Dr Mohammad Barkindo, has disclosed that despite the recent upward trend in crude oil prices, the petroleum industry was not out of the woods yet.
He said, “I am confident that this Organisation will emerge from the current challenging and unprecedented times more united, stronger, and more forward-looking. Barkindo emphasised the need for timely and accurate data to help its various committees, stating that strategic decisions to further stabilise the crude oil market could only be reached when underpinned by up-to-date and in-depth analysis.
“The challenges created by the COVID-19 tragedy will require special attention to ensure that the OPEC Conference has access to quality and timely data, market information, and fact-based assessments on current and projected conditions.