OPEC Holds Steady on Robust Oil Demand Forecast

OPEC Secretary General Haitham Al Ghais announced at the St Petersburg International Economic Forum that the organization maintains its forecast of robust oil demand growth. Despite geopolitical tensions, including the Middle East conflict, OPEC anticipates a growth rate of 1.2 million barrels per day.

During the St Petersburg International Economic Forum, OPEC Secretary General Haitham Al Ghais confirmed the organization's unchanged forecast for strong oil demand growth.

He noted that the anticipated growth remains at 1.2 million barrels per day, countering claims of declining demand despite geopolitical challenges.

Al Ghais emphasized that investments in the oil industry should continue unabated, undeterred by isolated geopolitical events.