OPEC Chief Sees High Risk of Oil Squeeze Amid Bullish Demand
- Haitham Al-Ghais says Chinese consumption fears are overdone
- Oil market could comfortably absorb extra Iranian supplies
Haitham al-Ghais at the OPEC headquarters in Vienna, Austria, on Aug. 17.
Photographer: Akos Stiller/BloombergThis article is for subscribers only.
Sign up for our Middle East newsletter and follow us @middleeast for news on the region.
Global oil markets face a high risk of a supply squeeze this year as demand remains resilient and spare production capacity dwindles, the new head of OPEC said.