OPEC calls for more investment as energy demand surges

OPEC Secretary-General Haitham Al Ghais urged greater capital allocation to the oil and gas industry, suggesting fossil fuels will still account for around 30% of the energy mix through 2050. He stressed demand growth, urbanization, and energy security expose supply gaps unless investment rises. The call comes during the Russian Energy Week, where OPEC+ members also hinted at easing production cuts. Analysts worry about oversupply and market destabilization.