Published 2 years ago

OPEC Chief sees high risk of oil squeeze amid bullish demand

Summary by Ground News

OPEC Secretary-General Haitham Al-Ghais says global oil markets face a high risk of a supply squeeze this year. Fears over slowing consumption in China and the wider world have been exaggerated, he says. The OPEC chief remains confident that world oil demand will increase by almost 3 million barrels a day.

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Times of India

OPEC Chief sees high risk of oil squeeze amid bullish demand

Fears over slowing consumption in China and the wider world - which have pushed crude prices 16% lower this month - have been exaggerated, OPEC Secretary-General Haitham Al-Ghais said.

2 years ago·India

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Oil & Gas 360

OPEC chief predicts risk of oil supply squeeze amid high demand

World Oil(Bloomberg) — Global oil markets face a high risk of a supply squeeze this year as demand remains resilient and spare production capacity dwindles, the new head of OPEC said. Fears over slowing consumption in China and …The post OPEC chief predicts risk of oil supply squeeze amid high demand appeared first on Oil & Gas 360.

2 years ago·Denver, United States

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