Maersk CEO warns of downside risk to oil prices amid OPEC+ output rise

Maersk executive Emma Mazhari warned of a high risk of falling oil prices due to a slight demand increase and OPEC+'s decision to raise production from October. Speaking at the APPEC conference, Mazhari highlighted weak oil demand growth as a cont...

By Reuters | Sep 09, 2025, 08.59 AM IST

There is a high risk of oil prices falling because of a small increase in demand and higher OPEC+ production, an executive of shipping firm Maersk told the APPEC conference in Singapore on Tuesday.

"I think there's a high risk to the downside for sure when it comes to kind of overall global balances," said Emma Mazhari, CEO of oil trading for Maersk, pointing to a Sunday announcement from OPEC+ that it would raise production further from October and weak oil demand growth.

Mazhari also told the conference she expects low-carbon bunker fuel supply to increase significantly after 2030.

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