Haitham al-Ghais, secretary-general of the Organization of Petroleum Exporting Countries (OPEC), speaking at the Energy Asia Summit on June 26, 2023.
Asked about the impact of high oil prices on consumers, al-Ghais said this "depends on the state of the global economy" and noted increases in oil demand.
We're seeing historically high, phenomenally high growth figures for oil demand," he said.
An OPEC+ technical committee convenes digitally on Wednesday to review market fundamentals and the individual production compliance of member countries.
Three OPEC+ delegates, speaking anonymously because of the sensitivity of the discussions, told CNBC it is unlikely this week's JMMC meeting will lead to policy adjustments.
Persons:
Haitham, CNBC's Dan Murphy, Ghais
Organizations:
Organization of Petroleum Exporting, Energy Asia Summit, Bloomberg, Getty, OPEC, Organization of, Petroleum, Abu Dhabi International Progressive Energy Congress, European Union, Brent, International Energy Agency, CNBC, COP28
Locations:
OPEC, Europe, Ukraine, Paris