OPEC shows “cautious optimism” about the prospects of the world economy, Bloomberg quotes the words of the Secretary General of the organization Haisam al-Gais. According to him, the organization sees the potential for decline in Europe and the U.S., while wanting to see what happens after the New Year in China (end of January).

The organization estimates that in 2023 oil demand in China will grow by 0.5 million barrels per day, and the increase in oil purchases by China is a good signal.