OPEC Sees Strong Long-Term Oil Demand ...Middle East

Global oil demand is expected to remain robust in the long term and the recent Saudi reversal of production capacity expansion shouldn’t be read as a view of falling demand, OPEC Secretary General Haitham Al Ghais told Reuters on Tuesday. “First of all I want to be clear I cannot comment on a Saudi decision ... but this is in no way to be misconstrued as a view that demand is falling,” Al Ghais told the newswire on the sidelines of a summit in Dubai. At the end of last month, Saudi Arabia surprised the oil market by…

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