OPEC chief optimistic about 2021 recovery but uncertainty remains

LONDON (Reuters) – OPEC’s secretary general said on Wednesday there were grounds for optimism that 2021 would be a year of recovery after the slump in oil prices and demand caused by the pandemic.

“While there are grounds for optimism that 2021 will be the year of recovery … there are many other uncertainties that lie ahead,” Mohammad Barkindo told a virtual International Energy Forum event.

Barkindo also said there was no prospect of a peak in oil use on the “immediate horizon.”