OPEC bullish on oil market recovery but virus variants pose risk

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 66%

United States News News

United States United States Latest News,United States United States Headlines

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 ...

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.

 

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:

 /  🏆 6. in US

United States United States Latest News, United States United States Headlines