COVD-19 vaccine injects optimistic outlook to global economy “” OPEC chief

COVD-19 vaccine injects optimistic outlook to global economy “” OPEC chief

VIENNA — OPEC Secretary-General Mohammad Barkindo on Sunday said the ongoing mass vaccination campaigns against COVID-19 pandemic injected optimism into global economy and the oil market.Opening the 47th meeting of Joint Technical Committee (JTC) of the OPEC and Non-OPEC countries, he thanked the committee's members for their tireless efforts during one of the most volatile periods in the oil industry's history.The Secretary General reflected on the proactive and decisive decisions taken by the Declaration of Cooperation (DoC) countries in April, June, September and December 2020, highlighting the bold and timely actions of the DoC participating countries throughout the COVID-19 crisis."Collectively, we have delivered an unprecedented response to an unparalleled market shock and continue to lead the industry on the road to recovery," Barkindo said.The secretary general also emphasized that "the outcomes of the Dec. 3 Ministerial Meeting pave the way for a gradual return of 2 mb/d to the market over the coming months, while the participating countries stand ready to adjust these levels depending on market conditions and developments."Barkindo highlighted that