As the "crucial" Hormuz Strait reopens, OPEC refutes IEA's oversupply forecast

"Sometimes, it is best not to make assumptions that are not really based on facts and data. What did the IEA see that OPEC and others did not? We focus on fundamentals, not mixing too many 'ifs' and 'buts' in our forecasts, but rather focus on actual data." Ghais said, "We are not here to create flashy headlines just for attention. Sometimes, it is best not to make assumptions that are not genuinely rooted in actual facts and data... In the end, these headlines only create more market volatility." Expand