
OPEC chief predicts risk of oil supply squeeze amid high demand
World Oil (Bloomberg) — Global oil markets face a high risk of a supply squeeze this year as demand remains resilient and spare production capacity dwindles, the new head of OPEC said. Fears over slowing consumption in China and the wider world — which have pushed crude prices 16% lower this month — have been exaggerated, OPEC Secretary-General Haitham




