OPEC’s Al Ghais: China to account for 500-600 bpd of new oil demand this year

Market news

8 March 2023

OPEC’s Al Ghais: China to account for 500-600 bpd of new oil demand this year

Haitham Al Ghais, the Secretary-General of the Organization of the Petroleum Exporting Countries (OPEC), said on Wednesday, “China is expected to account for 500-600 bpd (barrels per day) of new oil demand this year.“

“We are cautiously optimistic about China, but Europe is a concern.” He added.

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