OPEC+ panel says uncertainties may impact oil demand recovery

DUBAI: OPEC+ has raised concerns that uncertainties may impact the recovery in oil NSE 0.73 % demand due to rising numbers of virus infections globally and lockdown measures, according to a report from the group’s experts panel meeting seen by Reuters on Wednesday.

“Despite the ongoing destocking of commercial OECD stocks, they remain above the 2015-2019 average, while recognising that prevailing volatility in the market structure is a signal of fragile market conditions,” the panel said in the report.