OPEC Secretary-General Mohammad Barkindo said the current highly volatile oil market was a result of “non-fundamental factors” outside OPEC’s control, in a signal the group would not pump more.
OPEC has said it cannot fully Compensate for Oil Supplies from Russia - Novinite com novinite.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from novinite.com Daily Mail and Mail on Sunday newspapers.
OPEC told the European Union that current and future sanctions against Russia could lead to one of the worst shocks in oil supplies and it will be impossib
NEW YORK, April 12 (Xinhua) Oil prices surged on Tuesday after the Organization of the Petroleum Exporting Countries (OPEC) warned of severe supply risks if Russian oil is fully banned.