OPEC+ will need to boost output to meet 2022 demand recovery -IEA By Reuters – Investing.com

  • Date: 11-Jun-2021
  • Source: Investing.com
  • Sector:Oil & Gas
  • Country:Gulf
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OPEC+ will need to boost output to meet 2022 demand recovery -IEA By Reuters – Investing.com

By Noah Browning

LONDON (Reuters) - OPEC+ oil producers will need to boost their output in order to meet demand set to recover to pre-pandemic levels by the end of 2022, the International Energy Agency said on Friday.

"OPEC+ needs to open the taps to keep the world oil markets adequately supplied," the Paris-based energy watchdog said, adding that rising demand and countries' short-term policies were at odds with the IEA's call to end new oil, gas and coal funding in a stark report issued last month.