OPEC secretary general expects oversupply in oil market next year


Reuters | Abu Dhabi | Updated: 16-11-2021 15:48 IST | Created: 16-11-2021 15:31 IST
OPEC secretary general expects oversupply in oil market next year
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OPEC Secretary-General Mohammad Barkindo said on Tuesday that he expects an oil supply surplus as early as December and an oversupply in the market next year. "These are signals we have to be very careful," he said.

OPEC has a vested interest to ensure that global economic recovery continues, Barkindo added while speaking to reporters on the sidelines of a conference in Abu Dhabi.

Also Read: Kuwait, Iraq back OPEC+ oil supply rise plan, despite calls for more

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