OECD commercial oil inventories are expected to stand slightly above the five-year average through Q1 2021, before dropping below that benchmark for the remainder of the year, OPEC Secretary General Mohammed Barkindo said Sept. 27. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The projections are based on latest forecasts, which expect world oil demand in 2020 to contract by 9.5 million b/d, while non-OPEC liquids production is anticipated to decline by 2.7 million b/d, said Barkindo said in prepared remarks at the G20 energy ministerial hosted online by Saudi Arabia. “Therefore, our job is not yet complete. We must reach across whatever divide we face and work towards broader and consensus-driven solutions that […]