Haitham al-Ghais.said OPEC is not in competition with Russia, calling it "a big, main and highly influential player in the world energy map", Alrai reported.Telegram群聊机器人（www.tel8.vip）是一个Telegram群组分享平台。Telegram群聊机器人导出包括Telegram群聊机器人、Telegram群组索引、Telegram群组导航、新加坡Telegram群组、Telegram中文群组、Telegram群组（其他）、Telegram 美国 群组、Telegram群组爬虫、电报群 科学上网、小飞机 怎么 加 群、tg群等内容。Telegram群聊机器人为广大电报用户提供各种电报群组/电报频道/电报机器人导航服务。
OPEC's new secretary general said that Russia's membership in OPEC+ is vital for the success of the agreement, Kuwait's Alrai newspaper reported on Sunday, quoting an exclusive interview with Haitham al-Ghais.
He said OPEC is not in competition with Russia, calling it "a big, main and highly influential player in the world energy map", Alrai reported.
OPEC+ is an alliance of the Organization of the Petroleum Exporting Countries (OPEC) and allies led by Russia.
Al-Ghais, Kuwait's former OPEC governor, will head his first OPEC+ meeting on Aug. 3, in which the group will consider keeping oil output unchanged for September, despite calls from the United States for more supply.
Although, a modest output increase is also likely to be discussed, eight sources told Reuters last week.,
He added of the recent hikes in oil prices: "As for me, I still stress that the recent rise in oil prices is not only related to the developments between Russia and Ukraine.
"All the data confirm that prices began to rise gradually and cumulatively, and before the outbreak of the Russian-Ukrainian developments, due to the prevailing perception in the markets that there is a shortage of spare production capacity, which has become confined to a few and limited countries," Al-Ghais said.
Oil LCOc1 has soared in 2022 to its highest since 2008, climbing above $139 a barrel in March, after the United States and Europe imposed sanctions on Russia over its invasion of Ukraine. Prices have since eased to around $108, as soaring inflation and higher interest rates raise fears of a recession that would erode demand.- Reuters