OPEC Secretary General Haitham Al Ghais said on Feb. 12 that the group expects oil demand to exceed pre-pandemic levels this year, reaching almost 102 MMbbl/d.

Demand is projected to further rise to 110 MMbbl/d by 2025, he said.

"OPEC remains committed to supporting oil market stability," Al Ghais said in a speech at the Egypt Petroleum Show.