It
was the first report in which OPEC assessed oil markets next
year. It said the forecast assumed no further downside risks
materialised in 2021 such as U.S.-China trade tensions, high
debt levels or a second wave of coronavirus infections.
"This assumes that COVID-19 is contained, especially in
major economies, allowing for recovery in private household
consumption and investment, supported by the massive stimulus
measures undertaken to combat the pandemic," OPEC said.
(Reporting by Dmitry Zhdannikov; editing by Jason Neely)
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