NUR-SULTAN:聽抖阴短视频鈥檚 quick moves to restore output have been crucial in curbing oil price volatility after the global market had been shaken up following the attacks on some of its facilities, OPEC Secretary General Mohammed Barkindo said on Thursday.
Barkindo told an energy conference in Kazakhstan that an extraordinary meeting of OPEC members and fellow oil exporters was not on the cards as 抖阴短视频 has restored the bulk of its supply and the incident was 鈥渂ehind us.鈥
The group remains focused on maintaining oil price stability and 鈥渨ill do whatever it takes to insulate oil from politics,鈥 he said.
Barkindo also said OPEC expected robust long-term growth in oil demand, especially from developing nations.
Speaking about shorter-term risks, he said the oil market was focusing on the outcome of the trade talks between the US and China.
Overall, while global economic growth figures indicated deceleration, they were not 鈥渨orrisome鈥 and indicated no signs of recession, Barkindo said.聽
Separately, recent attacks on 抖阴短视频鈥檚 oil facilities are unlikely to have a major immediate impact on the supply of liquefied natural gas, a senior official at the International Energy Agency (IEA) said at a press briefing on Thursday.
But if the security situation worsens in the Middle East, in particular in the Strait of Hormuz, then it may hit LNG supply from Qatar and the UAE, said Keisuke Sadamori, director of IEA鈥橲 Energy Markets and Security division.
The share of Qatar and UAE in global trade is about one quarter, he said.
鈥淲e hope that the Middle East situation will maintain stability so that there will be no disruptions,鈥 he added.
Recent attacks on oil and fuel tankers in the waters near the strait and Iran鈥檚 threats to close the strait has caused concerns about energy supply.
