{"id":70370,"date":"2022-08-18T19:46:45","date_gmt":"2022-08-18T15:46:45","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=70370"},"modified":"2022-08-18T20:41:36","modified_gmt":"2022-08-18T16:41:36","slug":"opec-top-official-relatively-optimistic-on-oil-outlook-for-2023","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/opec-top-official-relatively-optimistic-on-oil-outlook-for-2023\/08\/18\/market-updates\/","title":{"rendered":"OPEC&#8217;s Top Official: Relatively optimistic on oil outlook for 2023"},"content":{"rendered":"\n<p>OPEC&#8217;s new secretary general Haitham al-Ghais said on Thursday that he was relatively optimistic on the oil market outlook for 2023 and added that the world was dealing with economic pressures of inflation in a very good way.<br><br>&#8220;I want to be very clear about it &#8211; we could cut production if necessary, we could add production if necessary,&#8221; as-Ghais further elaborated. &#8220;It all depends on how things unfold. But we are still optimistic, as I said. We do see a slowdown in 2023 in demand growth, but it should not be worse than what we&#8217;ve had historically.&#8221;<br><br>Oil prices continued to rise after these comments and the barrel of West Texas Intermediate was last seen rising 3.% on a daily basis at $90.28.<br><br><strong>Key Quotes:<\/strong><\/p>\n\n\n\n<p><br>&#8220;Fears of Chinese slowdown taken out of proportion.&#8221;<br><br>&#8220;Oil price slide reflects fears about the economy, physical oil demand is robust.&#8221;<br><br>&#8220;Premature to say what OPEC+ will do at September 5 meeting.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>OPEC&#8217;s new secretary general Haitham al-Ghais said on Thursday that he was relatively optimistic on the oil market outlook for 2023 and added that the world was dealing with economic pressures of inflation in a very good way.&#8220;I want to be very clear about it &#8211; we could cut production if necessary, we could add &hellip;<\/p>\n","protected":false},"author":13,"featured_media":32612,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[38,36],"tags":[6846,8215,6876],"class_list":["post-70370","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-market-updates","tag-oil","tag-oil-output","tag-opec"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/70370","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=70370"}],"version-history":[{"count":4,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/70370\/revisions"}],"predecessor-version":[{"id":70420,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/70370\/revisions\/70420"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/32612"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=70370"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=70370"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=70370"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}