DUBAI: The Organisation of the Petroleum Exporting Countries (Opec) sees a generally positive oil market outlook with last year’s uncertainty easing, but downside risks caused by the pandemic persist, the group’s secretary general and its experts have said.
“We have come a long way from a year ago, ” Opec chief Mohammad Barkindo said. “The days of gross domestic product (GDP) and oil demand figures being in the red because of the pandemic-induced shock appear to be behind us.”
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