OPEC Concerned About Demand Slowdown in US, Europe, Chief Says

Asia experiencing ‘phenomenal’ growth, said OPEC’s Al-Ghais
Producer group has established ‘environmental matters’ unit

Haitham al-Ghais during the 2023 CERAWeek by S&P Global conference on March 7.Photographer: Aaron M. Sprecher/Bloomberg

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By Lucia Kassai and Grant Smith

March 7, 2023 at 9:56 PM UTC

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OPEC’s top official said slowing oil demand in Europe and the US are posing a concern for the global market, even as Asia experiences “phenomenal” growth.