OPEC’s Al Ghais: Don’t see a major global recession

Haitham Al Ghais, the new Secretary-General of the Organization of the Petroleum Exporting Countries (OPEC), said on Wednesday that he doesn't see a major global recession.

Additional quotes

Open to dialogue with the US.

Spare capacity about 2m-3m bpd, running on thin ice.

It is too early to call the outcome of the September 5 meeting.

See the likelihood of an oil-supply squeeze this year.

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