OPEC’s Barkindo: still expects continued growth of around 4.2 million bpd in 2022


Oil

  • We still expect continued growth of approximately 4.2 million BPD in 2022
  • The world faces a possible supply threat from the Russian Federation
  • The consumer perception of war is that this threat, whether it materializes or not, is already rippling through markets.
  • For the United States in OPEC, the focus remains the main one remains the stability of world markets
  • OPEC wants to ensure security of supply is guaranteed
  • We are in the home stretch of returning 5.8 million barrels per day to global markets thanks to post-pandemic supply cuts
  • Should be finished adding supply by September this year
  • We have no control over current events as geopolitics has overtaken the market and is dictating the pace of the market

The most popular

you might also like


cnbctv18-forexlive-benzinga

Not all news on the site expresses the point of view of the site, but we transmit this news automatically and translate it through programmatic technology on the site and not from a human editor.
Back to top button