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OPEC Chief Accuses Media of “Misrepresenting” 2026 Oil Outlook
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Why This Matters
OPEC's secretary-general has disputed media reports of an oil supply surplus in 2026, stating that the media has inaccurately represented OPEC's Monthly Oil Market Report. This comes after OPEC's report suggested a balanced market for next year. The dispute may impact investor confidence in oil market projections.
Market Impact
Market impact analysis based on bearish sentiment with 72% confidence.
Sentiment
Bearish
AI Confidence
72%
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
OPEC does not project an oil supply surplus for 2026, the secretary-general of OPEC, Haitham al Ghais, told CNBC today, slamming the media for covering its Monthly Oil Market Report inaccurately. “There was a misrepresentation by some media about our monthly market report,” al Ghais said, “specifically regarding the messages and a narrative that was being created out of reading some of our numbers. For example, things related to the market being in a surplus next year.” Indeed, as Oilprice reported last week, OPEC said in…
Original article published by
OilPrice.com
on November 18, 2025.
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