IEA: If OPEC sticks to the original plan, oil prices will face "upward pressure"

According to a report from Crude Oil News in Paris on June 1, 2021, the Director of the International Energy Agency (IEA) Fatih Birol warned on June 1 that global oil prices will face further upward pressure unless OPEC Its oil-producing allies agreed to supply more crude oil to the market in the coming months to meet the strong demand rebound.

OPEC + oil ministers will meet soon to weigh their current policy of increasing daily oil production by 2.

Birol told Bloomberg News in an interview on June 1st: "I see very clearly that in the next six months, there will be a strong recovery in oil demand in the United States, Europe and the rest of the world.

Birol said that without changing the production policy, with the arrival of strong growth, we will see an ever-widening gap, which in turn will put further upward pressure on oil prices.

Li Jun compiled from crude oil news

The original text is as follows:

IEA's Birol's warns of'upward pressure' on oil prices if OPEC sticks to output plan

Global oil prices will face further upward pressure unless OPEC and its oil producer allies agree to return more crude to the markets in the coming months to meet a strong demand rebound, according to the head of the International Energy Agency Fatih Birol.

OPEC+ ministers are meeting June 1 to weigh their current policy of raising production by a combined 2.

"Over the next six months, I see very clearly that there is a strong recovery of oil demand in the US, Europe and elsewhere and if OPEC+ stick to their current policies we may see a wider gap between supply and demand,"

　　Birol told Bloomberg in an June 1 interview.

　　"In the absence of not changing the policies with the strong growth coming.