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MeanyEr
2021-03-03

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OPEC sees positive oil market outlook, but downside risks persist

OPEC expects oil inventories to drop by about 400 million barrels in 2021 in the latest supply and demand outlook being reviewed by a technical meeting on Tuesday, two OPEC+ sources said.

OPEC sees positive oil market outlook, but downside risks persist

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOPEC sees positive oil market outlook, but downside risks persist\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-03 13:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.channelnewsasia.com/news/business/opec-sees-positive-oil-market-outlook-but-downside-risks-persist-14316956><strong>CNA</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>LONDON: OPEC sees a generally positive oil market outlook with last year's uncertainty easing, but downside risks caused by the pandemic persist, the group's secretary general said on Tuesday.\n\"We ...</p>\n\n<a href=\"https://www.channelnewsasia.com/news/business/opec-sees-positive-oil-market-outlook-but-downside-risks-persist-14316956\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.channelnewsasia.com/news/business/opec-sees-positive-oil-market-outlook-but-downside-risks-persist-14316956","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2116514261","content_text":"LONDON: OPEC sees a generally positive oil market outlook with last year's uncertainty easing, but downside risks caused by the pandemic persist, the group's secretary general said on Tuesday.\n\"We have come a long way from a year ago,\" Mohammad Barkindo said. \"The days of GDP and oil demand figures being in the red because of the pandemic-induced shock appear to be behind us.\"\nBarkindo was speaking before Tuesday's meeting of the Joint Technical Committee (JTC) which reviews the oil market for the Organization of the Petroleum Exporting Countries, Russia and other allies, a group know as OPEC+.\nOPEC+ ministers hold a full meeting on Thursday.\nThe secretary general said OPEC saw oil demand growth in 2021 at 5.8 million barrels per day (bpd) to about 96 million bpd. 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