OPEC (Organization of the Petroleum Exporting Countries) believes that the economies of Europe and the USA are heading for a recession, said the Secretary General of the organization, Haitham al-Ghais, RIA Novosti reported.

Europe will definitely face recession, the United States may also be heading in this direction, he said.

According to Haitham al-Ghais, economic problems in these regions will have an impact on oil demand. In this regard, according to the OPEC forecast, in the fourth quarter (October - December) and early 2023, there will be a surplus of supply in the oil market.