OPEC president says oil market rebalancing
"Crude prices are relatively stable ... we see a certain balance between demand and supply," OPEC president Diamantino Azevedo told Reuters in an interview
FILE PHOTO: A 3D printed oil pump jack is seen in front of displayed Opec logo in this illustration picture, April 14, 2020. REUTERS/Dado Ruvic/Illustration
The global oil market is rebalancing after damage to demand wrought by the Covid-19 pandemic was met with curbs on output by producers from the Organization of the Petroleum Exporting Countries (OPEC), the group's president said on Tuesday.
"Crude prices are relatively stable ... we see a certain balance between demand and supply," OPEC president Diamantino Azevedo told Reuters in an interview.
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