The OPEC and its allies (OPEC +) expect oil reserves to fall further in the coming months, said the Secretary General of OPEC, Mohammad Barkindo, in a virtual appearance at the Nigerian International Petroleum Summit.
Featured statements:
“We expect to see more reductions in the coming months.“.
“The market has continued to react positively to the decisions we make, including upward adjustments to production levels from May this year.”
“The arrival of vaccines and massive fiscal stimulus contributed to an optimistic outlook“.
“The uneven global availability of vaccines, high inflation and continued COVID-19 outbreaks were continuing risks to oil demand.”
“We encourage all of our member countries to continue investing in renewable energy, but also to continue meeting the demand for hydrocarbons.”
.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
