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Key Points

OPEC Secretary-General Haitham Al Ghais highlights growing global energy needs at the Vienna seminar. He emphasizes stable oil supply and tech-integrated investments to meet demand. The 2025 World Oil Outlook report provides key insights for energy stakeholders. The event marks OPEC’s first live launch of its annual forecast.

Key Points: OPEC Chief Al Ghais Says World Needs More Energy Investments

  • OPEC stresses urgent need for energy investment amid rising demand
  • Modern tech and emission cuts must balance oil market needs
  • 2025 World Oil Outlook report launched at Vienna seminar
  • Report aids policymakers with global oil market projections
1 min read

World requires more energy in decades to come: OPEC Secretary-General

OPEC Secretary-General Haitham Al Ghais calls for stable oil supply and tech-driven energy investments amid rising global demand.

"The world will need more energy in the coming decade, requiring stable and secure oil supplies. – Haitham Al Ghais"

Vienna, July 10

Haitham Al Ghais, Secretary-General of the Organisation of the Petroleum Exporting Countries (OPEC), has affirmed that the world will need more energy in the coming decade and stressed the need to ensure oil supplies are delivered in a stable and secure manner.

Speaking on the sidelines of the 9th OPEC International Seminar held at the organisation's headquarters in the Austrian capital, VIENNA, Al Ghais underlined the urgent requirement for substantial investments in the energy mix.

He said this must be accompanied by an integrated approach that includes the use of modern technologies, emissions reduction, and consideration of the needs of oil markets, particularly in non-energy-producing countries.

Al Ghais also announced the launch of OPEC's 2025 World Oil Outlook report during the seminar. This marks the first time the organisation has released its annual outlook during the event.

He noted the importance of the report, which outlines OPEC's projections on the complex and interrelated issues shaping the development of the global oil market. The publication provides valuable data and insight for policymakers, decision-makers, industry experts and energy companies. (ANI/WAM)

- ANI

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Reader Comments

P
Priya S
The timing of this report is interesting with petrol prices hitting ₹100+ in many Indian cities. Hope our government uses this data to negotiate better deals for oil imports. Common people are suffering!
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Aman W
OPEC always says world needs more oil, but what about climate change? India should lead in green energy transition. Solar + wind + nuclear is the way forward. #CleanEnergy
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Sarah B
As an expat in India, I see both sides. The country's development needs energy, but air pollution is already terrible. Balanced approach needed - modern tech + renewables. EVs should be priority!
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Vikram M
OPEC's report is important but we must remember they have vested interests. India should form stronger ties with other oil buyers like China to get better prices. United we bargain, divided we beg!
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Kavya N
The focus should be on energy efficiency too! So much wastage in Indian homes and industries. Better insulation, LED bulbs, efficient ACs - small steps can reduce oil dependence significantly 💡
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Nikhil C
Respectfully disagree with OPEC's emphasis on oil. India's energy future lies in thorium-based nuclear power. We have world's largest thorium reserves - time to invest in this technology seriously.

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