OPEC’s Al Ghais: China’s oil demand to rise 500k bpd this year Oil OPEC Commodities WTI China
“OPEC are cautiously optimistic about global economy.”“China's larger oil import quotas are a good sign.”“OPEC has to balance a growing Asia against a slowing West.”“OPEC now has greater spare production capacity.”Amidst mixed comments from the OPEC Chief, the WTI price is reversing below the $80 mark, currently trading at $79.76. The US oil is still up 0.80% on the day.
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