OPEC’s Al Ghais: Not too worried about China in medium to long-term

Haitham Al Ghais, the Secretary-General of the Organization of the Petroleum Exporting Countries (OPEC), said Tuesday that he is “not too worried about China in the medium to long term.”

Additional quotes

OPEC+ action helped to reduce oil market volatility.

Will have a pavilion at COP28 to showcase how OPEC members are dealing with emissions.

Hopes that all voices will be at the table at COP28.

Market reaction

Despite the conciliatory comments from the cartel’s chief, WTI is trading 0.41% lower on the day at $84.74, as of writing.