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Oct 15, 2025
OPEC Urges More Investment in Energy
OPEC Says Demand Growth Needs Quick Investments
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OPEC Secretary General Haitham Al Ghais emphasized during his participation in the Russian Energy Week in Moscow the urgent need to increase investments in the oil and gas sector to keep pace with growing global demand. He stressed that oil will continue to account for around 30% of the global energy mix through 2050, noting that population growth, urbanization, and expanding economic activity indicate the world will require more energy than it consumes today. Al Ghais added that OPEC’s demand outlook remains higher than that of other agencies such as the International Energy Agency (IEA), which projects that oil demand will peak around 2029, with a potential supply surplus of up to 4 million barrels per day in 2026. |
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He also pointed out that some OPEC+ members have already begun ramping up oil supply rapidly, raising concerns about oversupply risks and adding downward pressure on prices.
From a practical standpoint, if this call for investment is not followed by adequate funding, the sector could face long-term capacity constraints, disrupting the balance between supply and demand in the future.