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Opec expects demand to reach pre-pandemic levels this year

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Published Sun, Feb 12, 2023 · 04:55 PM
    • Opec projects demand to further rise to 110 million barrels per day by 2025.
    • Opec projects demand to further rise to 110 million barrels per day by 2025. PHOTO: REUTERS

    ORGANIZATION of the Petroleum Exporting Countries (Opec) secretary-general Haitham Al Ghais said on Sunday (Feb 12) that the group expects oil demand to exceed pre-pandemic levels this year, reaching almost 102 million barrels a day.

    Demand is projected to further rise to 110 million barrels per day by 2025, he said.

    “Opec remains committed to supporting oil market stability,” Al Ghais said in a speech at the Egypt Petroleum Show. REUTERS

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