The Organisation of the Petroleum Exporting Countries

Ukraine Conflict Causing Huge Volatility For Energy Market - OPEC

Ukraine Conflict Causing Huge Volatility For Energy Market – OPEC

The Organisation of the Petroleum Exporting Countries (OPEC) says the ongoing war by Russia in Ukraine is causing huge volatility in the global energy market.

Mr Mohammad Barkindo, OPEC Secretary-General, made the assertion while speaking at the virtual 62nd Meeting of the Joint Technical Committee (JTC) on Wednesday.

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Barkindo noted that there were implications and possible far-reaching consequences of the ongoing conflict in Ukraine.

He said: β€œAs highlighted at our last meeting, the conflict has compounded the uncertainties related to the pandemic.

β€œIt has heralded in further economicΒ