On February 13, OPEC Secretary-General Argus said that OPEC expects global oil demand in 2023 to exceed the level before the epidemic; by 2025, demand will rise to 110 million barrels per day, because as China relaxes epidemic prevention measures, The economic outlook will improve.
In addition, Alghais said the oil industry has been plagued by chronic underinvestment for years. The oil industry is expected to require $500 billion in annual investment through 2045.