The world was predicted an imminent surplus of oil

OPEC predicted a surplus of oil since December 2021 (OPEC) Mohammad Barkindo, writes Bloomberg.

According to the OPEC Secretary General, in December 2021 the world oil market will face an excess of supply, which will lead to oversaturation. The reason, according to Barkindo, is that the global economic recovery after the pandemic will gradually slow down.

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