OPEC: demand to be at pre-pandemic levels by year's end

OPEC: new secretary general says demand to reach pre-Covid pandemic levels by year's end
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OPEC agreed to appoint Haitham Al-Ghais as its new secretary general this Monday. He will take up his post on 1 August.
OPEC's secretary-general elect is Kuwait's Haitham Al-Ghais [STR/NurPhoto/Getty]

The secretary general-elect of the Organization of the Petroleum Exporting Countries (OPEC) said on Monday that global oil demand should return to its pre-pandemic levels by the end of 2022, the Al-Arabiya news channel reported.

Haitham Al-Ghais, a former Kuwaiti governor to OPEC, also told the Saudi-owned TV channel that the OPEC+ alliance - which gathers OPEC and other crude producers - was important for the stability and balance of oil markets.

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OPEC on Monday agreed to appoint Al-Ghais as its new secretary general, to succeed Nigeria's Mohammad Barkindo. He will take over the role on 1 August.

(Reuters)