What to expect from the meeting of the Opec?

Mr. Choeib Boutamine

July 31, 2024

Mr. Choeib Boutamine, energy expert and CEO of Ranadrill has said to CNN-business-arabic that facts like the weak performance of the industrial sector in China, the steady interest rate in the US and Europe, and the current oil prices encourage consumption.

Meanwhile, the increase in travel activity in summer will contribute to increasing demand for energy.

Mr. Choeib Boutamine “The assassination of the Hamas political leader may contribute to increasing tensions in the Middle East, which will certainly lead to an increase in oil prices globally.”