Oil market still faces uncertainties due to COVID-19, OPEC chief says

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Oil market still faces uncertainties due to COVID-19, OPEC chief says

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(Reuters)-14/10/2021

The oil market continues to face uncertainties related to the COVID-19 pandemic, OPEC Secretary General Mohammad Barkindo told reporters on the sidelines of an energy forum in Moscow on Thursday.

“The market is going in accordance with the fundamentals of supply and demand. But we have to admit that there are external factors that influence the evolution of the market,” he said.

Regarding how COVID-19 creates uncertainty, Barkindo highlighted “responses from governments as different variants, mutations emerge and how the world is able to increase vaccination rates especially in those areas. developing countries”.

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