President of the Kuwait Petroleum Corporation: The strong demand for oil will continue for decades to come
The CEO of the Petroleum Corporation Kuwaiti , Sheikh Nawaf Al -Sabah, that the global demand for The oil continues to expand at a rate that justifies the exhibition increases by (OPEC+). "The market was more flexible than some traders initially expected. Therefore, we are witnessing a slow increase, if it is systematic and planned, in the supply of countries OPEC , which led to relative price stability"Adding that the developments "I was reinforced" His point of view that the demand will continue to rise. "Significant increase" In the request currently and for upcoming decades. "Whoever signs this agreement does not fear the collapse of the request. The Kuwaiti oil barrel is a stable and safe situation for the long -term oil supplies, as customers are keen to secure this offer for future decades". "Great" It maintains it for strategic reasons, and it is available to the market when needed. At the present time, the market is considered "Relatively balanced".
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