BREAKING NEWS

OPEC's new secretary general: Return to pre-pandemic levels by end-2022

OPEC's secretary general-elect said on Monday that global oil demand should return to its pre-pandemic levels by the end of 2022, 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.

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 Aug. 1.

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