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OPEC Sees Robust Oil Demand Despite Sell-Off
Global oil demand is still robust and will be such through the end of this year, OPEC Secretary General Haitham al-Ghais told Reuters, noting that the recent sell-off in oil doesn't reflect fundamentals and is driven by fear. "We still feel very bullish on demand and very optimistic on demand for the rest of this year," al-Ghais told Reuters in an interview published on Thursday. Oil prices dropped earlier this month to their lowest level in six months, to the level just before the Russian invasion of Ukraine. The move lower was driven…
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