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OPEC Warns of Hormuz Tensions and Rising Energy Demand
The Secretary-General of OPEC, Haitham al-Ghais, stated that the organization expects the global demand for oil to continue growing by about 1.2 million barrels per day during this year, despite geopolitical tensions and events such as the Strait of Hormuz crisis. He emphasized that current challenges have not affected the overall outlook for demand, with projections indicating that demand will reach approximately 123 million barrels per day by 2050. He also affirmed that oil will remain a central part of the global energy mix in the future.
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