Secretary General: OPEC should tread a fine line as not to consume all oil reserves

OPEC Secretary General Haitham Al-Ghais told Al-arabiya TV, on Thursday, that the organization should tread a fine line as not to consume all oil reserves, the Organization’s

Al-Ghais also commented on OPEC’s decision on Wednesday to only increase production by 100,000 barrels per day by saying: “we aim to test market reaction”.

The secretary general also said the organization was not in a competition with Russia saying: “the market has room for all”, adding even with the discounts we heard Russia is giving to Asia.