OPEC calls for 'oil market stability to protect economic growth'

The Secretary General of the Organization of the Petroleum Exporting Countries (OPEC), Mohammad Sanusi Barkindo, on May 4 called on the countries of the organization and their allies to strengthen cooperation, in the interest of "stability" of the market. tanker.

Mohammad Sanusi Barkindo was speaking at the 62nd OPEC+ Joint Technical Committee (JTC) meeting, held via videoconference to review global oil market conditions, a statement posted on the OPEC website said. ‘OPEC.

In his speech, Mohammad Sanusi Barkindo referred to the current “uncertainties” linked to geopolitical developments and the possible consequences for the oil market.

To this end, he encouraged the signatory countries of the Declaration of Cooperation (DoC) to continue to cooperate through this “historic framework”, and this, “in the interest of the stability of the oil market and economic growth”. , the statement said.

“It is vital that we have stable energy markets, both for producers and for consumers, as has been the case during the pandemic. In this regard, we urge world leaders to continue to support the type of multilateralism presented in the Declaration of Cooperation, in order to ensure an unimpeded, stable and secure flow of energy to the whole world”, he underlined.

The 62nd meeting of the JTC comes on the eve of the 40th meeting of the Joint Ministerial Monitoring Committee (JMMC) and the 28th OPEC and non-OPEC (OPEC+) ministerial meeting on May 5.

Source Algeria Press Service