The OPEC scribe stressed that its potential loss, through either sanctions or voluntary actions, is rippling through energy markets.
The overall production will be by 0.4 mb/d monthly until the 5.8 mbd production adjustment is phased out.
Organisation of Petroleum Exporting Countries and non-OPEC ministerial meeting has reaffirmed its commitment to a stable global market.
“It is too early to say that the pandemic hit the peak, and the cases have been heading to the end. Large number of people is still vulnerable across the world.”
“To meet this future demand, the global oil sector will need cumulative investment of $12.6 trillion.”
