OPEC expects oil demand to exceed pre-pandemic levels in 2023, reaching almost 102 million barrels a day, the group’s secretary-general Haitham Al Ghais said on Sunday.
Demand is projected to further rise to 110 million barrels per day by 2025, he said.
“OPEC remains committed to supporting oil market stability,” Mr Al Ghais said in a speech at the Egypt Petroleum Show.
Tags Organization of the Petroleum Exporting Countries (OPEC) The Straits Time
Check Also
Oil Prices Edge down on Rising U.S. Fuel Inventories
Oil prices declined for a second day on Thursday after large builds in fuel inventories …