OPEC+ expects oil demand to fall

OPEC+ has revised its oil demand forecast for the current year. Secretary General Cartel Secretary General Mohammed Barkindo at a meeting of the monitoring committee Mohammed Barkindo, cartel's Secretary General, announced new figures - 5.6 mln b/d (as compared to the previous forecast of 5.9 mln b/d). Barkindo announced the new figures - 5.6 mln b/d (for comparison, the previous forecast was 5.9 mln b/d). Barkindo called the decrease negligible, but urged Barkindo called for the alliance to remember that despite some Barkindo said the downgrade was minor but urged members to remember that despite some encouraging signs, global economic and oil market conditions oil markets continue to be volatile due to continued coronavirus problems. This is a reminder of the heightened market volatility seen in the past two weeks, he noted. The global GDP growth forecast at the monitoring committee meeting was estimated at 5.1%, higher than the figures announced at the previous meeting (4,8%). Even so, we should not let our guard down. That outlook could also change, as the world situation continue to be quite uncertain, the secretary general warned.