Haitham Al Ghais, the Secretary-General of OPEC, has highlighted that global energy demand will continue to rise in the next decade, emphasizing the need for stable and secure oil supplies to meet this growing demand.
Speaking at the 9th OPEC International Seminar in Vienna, Al Ghais pointed out the critical need for significant investments in the energy sector. He stressed that achieving this would require an integrated approach, combining the use of advanced technologies, emissions reduction strategies, and a focus on the specific needs of oil markets, particularly in countries that do not produce energy.
During the seminar, Al Ghais also unveiled OPEC’s 2025 World Oil Outlook report. This marks the first time the organization has launched its annual report during the seminar. The report, he explained, provides OPEC’s projections on the multifaceted factors influencing the global oil market and serves as a valuable resource for policymakers, industry leaders, and energy companies seeking deeper insights into market trends and developments.
