Commodities & Futures News

Exclusive-OPEC Sec Gen firmly believes published long term demand outlook robust


Secretary General of Organization of the Petroleum Exporting Countries (OPEC) Haitham Al Ghais speaks during the Energy Asia conference in Kuala Lumpur, Malaysia June 26, 2023. REUTERS/Hasnoor Hussain/File Photo

DUBAI (Reuters) – OPEC Secretary General Haitham Al Ghais said on Tuesday Saudi Arabia’s decision to postpone its capacity expansion plans should not be translated to mean there is a view that demand is falling.

“First of all I want to be clear I cannot comment on a Saudi decision… but this is in no way to be misconstrued as a view that demand is falling,” Al Ghais told Reuters in an interview in Dubai on the sidelines of the World Governments Summit.

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