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Davos 2023: China to boost oil demand by up to 500,000 bpd


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These translations are done via Google Translate
Kuwait's Haitham Al Ghais, Secretary-General of the Organisation of the Petroleum Exporting Countries (OPEC) speaks during the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) in Abu Dhabi
FILE PHOTO-Kuwait’s Haitham Al Ghais, Secretary-General of the Organisation of the Petroleum Exporting Countries (OPEC) speaks during the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) in Abu Dhabi, United Arab Emirates, October 31, 2022. REUTERS/Amr Alfiky

DAVOS, Jan 17 (Reuters) – Chinese appetite for oil is expected to raise demand by 500,000 barrels per day after the country curbed its COVID-19 restrictions, OPEC Secretary General Haitham al-Ghais told Abu Dhabi-based Sky News Arabia from Davos on Tuesday.

Demand from India and China could compensate for shrinkage expected from developed countries, he added.

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Separately, Al-Ghais said it is still early to assess the impact of sanctions on Russian oil supply.



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