OPEC calls for more investment as energy demand surges
OPEC urges increased investment in oil and gas amid continued demand and risk of supply shortfalls.
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1 day agoOPEC 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.
neutral
1 day agoOPEC 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.
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OPEC calls for more investment as energy demand surges
1 day ago
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OPEC urges increased investment in oil and gas amid continued demand and risk of supply shortfalls.
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.
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.
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energy
commodities
energy
commodities
global
OPEC
investment
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