OPEC+: “Oil demand will exceed pre-crisis level in the fourth quarter”

Mohammad Sanusi Barkindo

© APA | Mohammad Sanusi Barkindo

# 29 June 2021 18:53 (UTC +04:00)

OPEC+ Technical Committee expects oil demand to exceed the pre-crisis level in the fourth quarter of the current year, said Mohammad Sanusi Barkindo, OPEC Secretary-General, APA-Economics reports citing TASS.

Recall that due to pandemic, taking into consideration of decrease in the oil demand, OPEC+ countries has decreased daily oil production by 9,7 mln barrels from May of the previous year. As the situation stabilizes, the restrictions have been taken, From May of this year, daily oil production became 6,55 mln barrels, will make up 6,2 mln barrels to June, and 5,76 mln barrels to July.

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