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According to a Reuters Chinese website on the 30th, on Tuesday, local time, OPEC officials and experts said that global oil demand will rebound strongly in the second half of 2021 and oil inventories will decrease, but at the same time they warned that the new crown The mutation of the virus poses a risk to economic recovery
.
OPEC+, formed by the Organization of Petroleum Exporting Countries (OPEC) and Russia-led allies, will hold a meeting on Thursday
.
Sources and market observers have previously stated that they expect the alliance to discuss further gradual relaxation of existing oil production restrictions starting in August
According to reports, OPEC observers previously said that the organization may increase production by more than 1 million barrels per day, or it may increase its output by 500,000 barrels per day more modestly, or even maintain its output level unchanged
.
OPEC+ sources said that the OPEC+ expert meeting held on Tuesday did not reach unanimous decisions or recommendations
According to the report, a letter previously seen indicated that OPEC+ will hold a joint ministerial monitoring committee (JMMC) meeting on July 1, one day later than previously planned
.
The report mentioned that OPEC Secretary-General Barkindu said at the Joint Technical Committee meeting on Tuesday that oil demand in 2021 is expected to increase by 6 million barrels per day, of which 5 million barrels per day will increase in the second half of the year
.
In his speech, he mentioned that "the current'uncertain' factor is the'Delta+' strain of the pandemic, which has led to an increase in cases in many areas and reintroduction of restrictions
According to the report, Barkin said that even if uncertainty and related risks are taken into account, the growth in oil demand in the second half of the year will still be “very significant”.
Preliminary data in May showed that oil inventories in OECD industrialized economies have fallen.
To below the level of 2015-2019
The report also pointed out that bringing oil inventories to a five-year average is one of OPEC+'s main goals
.
(Zhongxin Jingwei APP)
