OPEC’s Barkindo urges oil producers, companies to invest to meet future oil demand
|The Oil and Petroleum Exporting Countries (OPEC) Secretary General Barkindo was reported by Reuters last minutes, as he sees oil inventories falling further in the coming months.
Main Points:
Urges oil producers, companies to invest ‘to meet future oil demand & compensate for annual decline rate’
Oil inventories in Feb below 50m bbl above the 5-year average.
Sees decline trend continuing in coming months.
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