Vienna, Austria, 20 October 2021–OPEC Secretary General, HE Mohammad Sanusi Barkindo, participated via videoconference in the 2021 edition of the India Energy Forum by CERAWeek.
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OPEC takes part in India Energy Forum by CERAWeek
Crude oil prices resumed selloff as official data suggested China’s fuel demand shrank last year. Meanwhile, Saudi Arabia pledged to maintain energy investment and called for non-OPEC countries to reduce output. The front-month WTI contract plunged -5.75% while the Brent contract was down -5.22%. Both contracts have declined around -18% since the beginning of the year.
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Oil Resumed Selloff. Commodity Currencies Also Suffered