The Secretary General of the Organization of Oil Exporting Countries (OPEC), Kuwaiti Haitham al Ghais, defended this Monday in Brazil a strategy that supports all sources of energy and said that to achieve this, “adequate” investment is required over many decades.
“OPEC “continues to advocate for a strategy that supports all energy sources and all energies to provide fair and balanced energy pathways for all people in the world,” he said during his speech at the opening of a conference on oil in Rio de Janeiro.
In that sense, he said that this means the articulation between energy securityenergy accessibility and emissions reduction, a task that “requires adequate investments today, tomorrow and for many decades to come.”
The representative of OPEC He spoke at the opening of the Rio congress, OilGas and Energy (ROG-e), which will bring together more than 70,000 people from around the world in the Brazilian city this week, including top executives from multinationals in the sector.
Al Ghais will present the annual report on Tuesday at the event Global Oil Market Outlook 2024which offers a long-term view of the global market for oil.
In the previous report, presented in 2023 in Riyadh, the OPEC predicted that global energy demand would grow by 23% until 2045, reaching 359 million barrels of oil equivalent. oil per day.
He also predicted that the crude oil consumption will continue to rise until at least 2045, when it will total around 106 million barrels per day, 6% more than in 2023.
In this context, he warned of the risk of “chaos” in the energy market if $14 trillion, or $610 billion annually, is not channeled to the sector by 2045.
