By Ngozi Ekhator
Secretary-General of Organization of Petroleum Exporting Countries (OPEC), Mohammad Sanusi Barkindo, has expressed optimism the global growth outlook in the oil and gas sector looked positive.
Speaking, while declaring open the 50th JTF meeting, Barkindo said: “Broadly, the prospects for global economic growth and a recovery in oil demand look positive. We have seen the passage of more than $20 trillion worth of economic stimulus around”.
He said, “For half a century of meetings, the JTC’s inputs and analytical direction have proven invaluable to the entire ‘Declaration of Cooperation’ process.
“With the Secretariat’s support, the JTC has ensured that in taking policy decisions, our Ministers have been provided with the highest quality in market analysis and data. This has become all the more important given the range of ramifications stemming from the COVID-19 pandemic.
“Much has transpired since we last met. There is a lot of information and data to process. Indeed, the OECD has recently spoken about how the pandemic has complicated data-collection and sometimes skewed statistics, meaning that making accurate assessments is no straightforward task.”