Barkindo calls for OPEC to be cautious
Organization of the Petroleum Exporting Countries (OPEC) Secretary-General Mohammed Barkindo (pictured) pointed out on Tuesday that the alliance should be “very cautious and attentive to changing market conditions.”
According to a statement released by OPEC following its 50th Joint Technical Committee (JTC) meeting, he noted that “while last month saw many positive developments, it also witnessed reminders of the ongoing uncertainties and fragility caused by the COVID-19 pandemic.”
Barkindo reiterated that OPEC expects a 5.1% global economic growth and an increase in oil demand of 5.9 million barrels per day (bpd) in 2021.
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