OPEC Agrees to Increase Output Gradually During 2021

By Alfa Energy Group Yesterday, the 180th OPEC Conference & 12th OPEC and Non-OPEC Ministerial Meeting took place, and OPEC has agreed to gradually increase output during 2021.With the pandemic having an effect on demand and the world turning towards carbon neutrality by 2050, there will need to be a dramatic reduction in the use of fossil fuels. OPEC is aware of this and has revised its oil demand forecasts..

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