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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    OPEC Secretary General: The organization is optimistic about the demand for oil

    Rocky
    Rocky
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    OPEC Secretary General: The organization is optimistic about the demand for oil Empty OPEC Secretary General: The organization is optimistic about the demand for oil

    Post by Rocky Mon 02 Oct 2023, 5:01 am

    OPEC Secretary General: The organization is optimistic about the demand for oil

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    Economy News - Baghdad
    OPEC Secretary-General Haitham Al-Ghais said on Monday at an energy sector conference in Abu Dhabi that OPEC is optimistic about demand and sees the lack of investment as a threat to energy security.
    Al-Ghais stressed the importance of continuing investment in the oil and gas sector and said that he believes that calls to stop investing in oil will be counterproductive.
    “We still expect demand for oil to be very strong this year as it was last year,” he said, noting that the organization’s expectations indicate demand growth on an annual basis by more than 2.3 million barrels per day.
    He added that investment in the oil and gas sector is important for energy security.
    He said, "Our spare production capacity is declining sharply. We have said this repeatedly, which requires the combined efforts of all parties concerned to realize the importance of investing in this sector."



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