OPEC Sec Gen says oil markets are going through ‘great fluctuations’

OPEC Secretary Al Ghais expressed his full confidence in the organisation’s decision

Last updated: October 16, 2022 | 13:58

1 MIN READ

OPEC on Wednesday cut its 2022 forecast for growth in world oil demand for a fourth time since April and also trimmed next year's figure, citing slowing economies and high inflation.

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Dubai: OPEC Secretary General Haitham Al Ghais said on Sunday that “oil markets are going through a stage of great fluctuations” during his two-day visit to Algiers.

Al Ghais added that the goal of OPEC and producers outside the organisation is to maintain market stability.

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