UK Markets open in 2 hrs 7 mins
  • NIKKEI 225

    28,950.20
    -155.80 (-0.54%)
     
  • HANG SENG

    25,642.01
    -396.29 (-1.52%)
     
  • GOLD FUTURES

    1,790.20
    -3.20 (-0.18%)
     
  • DOW

    35,756.88
    +15.78 (+0.04%)
     
  • BTC-GBP

    44,506.63
    -1,140.42 (-2.50%)
     
  • CMC Crypto 200

    1,492.17
    -12.98 (-0.86%)
     
  • Nasdaq

    15,235.71
    +9.01 (+0.06%)
     
  • ^FTAS

    4,149.81
    +31.88 (+0.77%)
     

Oil market still faces uncertainties due to COVID-19, OPEC chief says

  • Oops!
    Something went wrong.
    Please try again later.
·1-min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

MOSCOW (Reuters) - The oil market continues to face uncertainties stemming from the COVID-19 pandemic, OPEC Secretary General Mohammad Barkindo told reporters on the sidelines of an energy forum in Moscow on Thursday.

"The market is taking its course in accordance with supply and demand fundamentals. But we must admit there are external factors that are influencing the evolution of the market," he said.

Regarding how COVID-19 is creating uncertainty Barkindo pointed to "responses by the governments as the various variants, mutations emerge and how the world is able to upscale the vaccination rates in particular in developing countries".

(Reporting by Vladimir Soldatkin; writing by Tom Balmforth; editing by David Goodman and Jason Neely)

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting