[size=36]OPEC: We expect energy demand to rise by 23 percent[/size]
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, Haitham Al-Ghais, Secretary-General of the Organization of Petroleum Exporting Countries (OPEC), expected, on Tuesday, a 23% increase in energy demand, while he once again defended the decision of the OPEC Plus group to reduce production by about two million barrels.
Al-Ghais said in a statement, "OPEC Plus acted unanimously and took its decision to ensure the stability of global oil markets, and we expect the demand for energy to rise sharply by up to 23% in the coming period."
He added, "Failure to provide the necessary investments for the oil sector may lead to shortages and fluctuations, and this sector needs 12.1 trillion dollars in investments in the long term." Ended 29/R77