OPEC’s top official said global oil demand will continue strong growth this year and a peak in consumption doesn’t appear to be on the horizon. “We are seeing positive signs of good revisions to some parts of the global economy, most notably the United States,” OPEC Secretary-General Haitham Al Ghais …
Read More »OPEC is Upbeat on Oil Demand ahead of Key Policy Meeting
Despite the ongoing concerns about the state of the global economy, OPEC continues to hold an upbeat view on world oil demand, OPEC Secretary General Haitham Al Ghais said on Tuesday. “The economy, despite the challenges, is still doing quite well,” Al Ghais told the Argus European Crude Conference in …
Read More »The Peak Oil Demand Debate is Sure to Dominate COP 28
The past couple of UN Climate Change Conferences have featured a growing number of fossil fuel lobbyists who almost inevitably end up clashing with climate activists and environmentalists over the role and fate of the fossil fuel industry in the global energy transition. For instance, more than 600 delegates affiliated …
Read More »No Single Form of Energy can Meet Future Demand – OPEC Secretary General
No single form of energy can currently meet expected future energy demand; instead, an “all-peoples, all-fuels and all-technologies” approach is required, said OPEC Secretary General Haitham Al Ghais, Trend reports. “As such, OPEC member countries are ready, willing and able to provide the affordable energy needed to cater towards these …
Read More »Global Energy Demand to Rise 23% by 2045, OPEC Says
Global demand for all forms of energy is forecast to rise by 23% through 2045, OPEC Secretary General Haitham Al Ghais told a Nigerian oil and gas conference on Tuesday. Oil executives and officials from the Organization of the Petroleum Exporting Countries (OPEC) have repeatedly made the case for continued …
Read More »OPEC Sec General Says Underinvestment could Trigger Oil Market Volatility
OPEC Secretary General Haitham Al Ghais said on Monday that underinvesting in the oil and gas sector could cause market volatility in the long term and imperil growth. He also said the world needs to focus on reducing green house gas emissions rather than replacing one form of energy with …
Read More »Global Oil Industry Requires $12.1 Trillion in Investments up to 2045
Haitham Al Ghais, Secretary General of OPEC, said there may be no one-size-fits-all solution to a sustainable energy future, but collaboration and inclusive action will be “essential in achieving a just and permanent transition.” In press statements on the sustainability-centric efforts made by the international organisation, Al Ghaith said, “The …
Read More »OPEC Secretary General: IEA should be very Careful about Discouraging Oil Investments
OPEC Secretary General Haitham Al Ghais said on Thursday that International Energy Agency (IEA) should be ‘very careful’ about discouraging oil investments, which is important for global economic growth. Al Ghais’s statements came in response to fresh criticism from IEA Executive Director Fatih Birol to OPEC+, indicating that finger-pointing and …
Read More »OPEC Chief Dines with US Shale Bosses as Supply Issues in Focus
OPEC Chief Haitham Al-Ghais broke bread with US shale bosses Monday night in his first meeting with the producers since he took the helm of the oil cartel in July. At the table, which included Occidental Petroleum Corp. CEO Vicki Hollub and Pioneer Natural Resources CEO Scott Sheffield, talk centered …
Read More »OPEC Secretary General: Libya is One of our Major Partners
The Secretary-General of the Organization of Petroleum Exporting Countries (OPEC), Haitham Al-Ghais, who visited Tripoli Wednesday, discussed issues related to the oil and gas sector, hailing Libya as one of the most important major partners in OPEC. The Libyan Minister of Oil and Gas, Mohammed Oun, and the Head of …
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