Uncertainty is observed at oil market


January 5, Fineko/abc.az. The level of uncertainty in the global oil market is growing, stated Prince Abdul-Aziz bin Salman, the Energy Minister of Saudi Arabia, at the 13th video conference of the ministers of OPEC and non-OPEC countries (OPEC+).

ABC.AZ reports that he noted that the year 2020 was very difficult.

"However, the countries that have joined the Declaration on Cooperation have shown resilience in the face of all difficulties. The spread of the virus vaccine around the world is a welcome sign of economic recovery and oil demand. But the level of uncertainty in the oil market is gradually increasing," the minister emphasized.