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MOHAMMED BARKINDO
OPEC has revealed that it is impossible for other oil producers to replace Russian supply as that additional capacity does not exist.
Crude oil prices ended the week mixed cumulatively amid surging Covid-19 caseloads.
OPEC Secretary-General Mohammed Barkindo admits fuel demand is looking "anemic."
In the meantime, OPEC+ wants to keep the existing production output cuts beyond the June expiry date as part of efforts to rebalance the market. Countries like Saudi Arabia, the United Arab Emirates (UAE) and Iraq, have all reaffirmed their commitment to this effect.