OPEC Sec. Highlights Steady Oil Demand
The Secretary General of OPEC, Haitham Al-Ghais, affirmed that the conflict in the Middle East has caused a slight slowdown in global oil demand growth. However, it has not altered the overall market trend or led to a significant decline in consumption. He added that the fundamentals of the oil market remain strong, and demand growth forecasts still stand at around 1.2 million barrels per day, with markets maintaining stability and investments continuing to ensure long-term supply security. Al-Ghais also emphasized the importance of cooperation among producing countries, especially Russia, Saudi Arabia, and Venezuela, to support the stability of the global oil market.
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