Major oil trading companies expect a slow recovery in demand

Major oil trading companies expect a slow recovery in demand
Major oil trading companies expect a slow recovery in demand
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Cairo – by Mohamed Salah – Vitol, Trafigura and Janfour, one of the major global oil trading companies, said today, Thursday, that it expects the recovery of oil demand to be slow due to the second wave of the new Corona virus outbreak.

The CEOs of the three companies made the remarks at the Energy Intelligence Forum.

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Mohamed Barkindo, OPEC Secretary-General, said on Thursday that the OPEC + alliance would ensure that oil prices did not fall strongly again, and that Jane meets to set policy at the end of November.

Barkindo’s comments came in response to a question about whether there is room for a planned increase in oil production from January by OPEC +, the group that includes OPEC countries, Russia and other allies.

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