OPEC Secretary General Haitham Al Ghais commented:
Tradehay.com: 17/01/2023 - 11:20
• China's reopening is expected to encourage oil demand this year
• It is expected that China's oil demand will increase by 0.5 million barrels per day
• Demand from China, India can offset the decline from developed countries
• There are still mixed views on the oil market at the end of the year but prices have recovered well from the "panic" at the beginning of the year, with WTI crude now fluctuating back near $80.
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