- Analytics
- News and Tools
- Market News
- OPEC’s Al Ghais: Global oil demand to exceed pre-pandemic levels in 2023
OPEC’s Al Ghais: Global oil demand to exceed pre-pandemic levels in 2023
Haitham Al Ghais, the Secretary-General of the Organization of the Petroleum Exporting Countries (OPEC), said over the weekend at an energy conference in Cairo that the cartel “expects global oil demand to exceed pre-pandemic levels in 2023.”
Additional comments
“See demand rising to 110mn bbls/day by 2025, citing the improving economic outlook in China as it reopens.”
“OPEC remains committed to supporting oil market stability.”
“The oil industry had been “plagued by several years of chronic underinvestment.”
“Oil industry needs US$500 bn of investment annually until 2045.”
Related reads
- WTI drops from $80.00 as focus shifts to US Inflation for further guidance
- S&P 500 Futures drop, yields dribble as “unidentified objects”, Fed’s indecision probe optimists
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
