Davos 2023: China to boost oil demand by up to 500,000 bpd, OPEC tells Sky News Arabia

Chinese appetite for oil is expected to raise demand by 500,000 barrels per day after the country curbed its COVID-19 restrictions, OPEC Secretary General Haitham al-Ghais told Abu Dhabi-based Sky News Arabia from Davos on Tuesday.

Demand from India and China could compensate for shrinkage expected from developed countries, he added.

Separately, Al-Ghais said it is still early to assess the impact of sanctions on Russian oil supply.

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