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