OPEC Secretary-General: The recovery in demand continues, but it may be at a slower pace

The Secretary-General of the Organization of the Petroleum Exporting Countries (OPEC), Haitham Al-Ghais, told Algerian television ahead of the OPEC+ meeting on Wednesday that the recovery in oil demand is continuing. Still, it may be at a slower pace than at the beginning of the year and last year.

Al-Ghais told the Algerian news channel in statements broadcast on Tuesday evening and published on social media on Wednesday, “We are still witnessing a steady and distinct increase in demand for oil compared to the period that we experienced in the Corona pandemic in the years 2020 and 2021… There was a recovery after the pandemic, and we are still witnessing A recovery in demand despite the relatively slow pace.