OPEC anticipates persistent oil demand
The Secretary-General of OPEC, Haitham Al-Ghais, stated that the organization expects strong demand for oil to continue and intends to maintain its current forecasts, with global demand projected to keep growing to over 106 million barrels per day by 2026. This growth is supported by robust economic activity in developing countries, including China and India. OPEC also emphasized the importance of safeguarding investments in the energy sector from shocks, reaffirming its commitment to the expected demand growth rate of 1.4 million barrels per day.
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