“There is no peak in oil demand on the horizon,” the head of OPEC, Haitham al Ghais, said last month in Canada. Demand will continue to increase as global population grows, he added. And OPEC will be there to respond with what supply is necessary. OPEC is now playing the long game. Fast-forward a month and Reuters is reporting on “signs of strong demand more than offset the impact of a higher-than-expected OPEC+ output hike for August”, not to mention now chronic worry about Trump’s tariffs. In fact, after OPEC+ announced…
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