Ghais
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If oil disappeared tomorrow….
If oil disappeared tomorrow, there would be no more jet fuel, gasoline or diesel. Internal combustion engine automobiles, buses, trucks, lorries and coaches would be stranded. Airplanes powered by jet fuel would be grounded. Freight and passenger rail powered by diesel would halt. People could not get to work; children could not get to school. The shipping industry, transporting both freight and passengers, would be devastated.
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More countries express interest in joining OPEC+, says top official
The Organization of the Petroleum Exporting Countries is in talks with several countries interested in joining the wider alliance known as OPEC+, its secretary-general said on Monday.
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A history of ‘unrealized’ peaks
The idea of oil supply peaking, or so-called peak oil, surfaced as early as the 1880s, with some predicting a looming exhaustion in the US due to the demise of the Pennsylvania oil fields. US and global oil production, however, was still increasing over 70 years later, when the ‘peak oil theory’ of geologist Marion King Hubbert gained traction in 1956.
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OPEC secretary general conveys condolences to Iran over terrorist attacks
SHANA (Tehran) – Secretary General of the Organization of Petroleum Exporting Countries (OPEC) Haitham Al Ghais, in a message to Iran’s Oil Minister Javad Owji, extended his condolences to Iran on Thursday over the deadly terrorist attacks in the southeastern city of Kerman.
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COP28: Focusing on a holistic approach to energy system
COP28 marks both a milestone in the ongoing negotiations on the future of our planet and a moment of pride for OPEC as it takes place in one of our member countries, the UAE.
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Whose ‘moment of truth’?
Last week, the International Energy Agency (IEA) in its report ‘The Oil and Gas Industry in Net Zero Transitions’ stated that the oil and gas industry faces a ‘moment of truth’. The industry has been told that it must “choose between fueling the climate crisis or embracing the shift to clean energy”, against the backdrop of the IEA’s proposed normative net-zero scenario.
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OPEC+ expects global economy to weather challenges
OPEC expects the global economy to grow and drive fuel demand, despite macro challenges, including high inflation and interest rates, the producer group's secretary general said on Tuesday.
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OPEC, oil industry will attend COP28 climate summit: OPEC SG
The world's top oil producers, and representatives from the energy industry, will attend the COP28 climate summit in the United Arab Emirates, the head of the Organisation of Petroleum Exporting Countries (OPEC) said on Tuesday.
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OPEC optimistic on demand, calls for more oil and gas investment
OPEC is optimistic on demand and sees under-investment as a risk to energy security, Secretary General Haitham Al Ghais said on Monday at an energy industry event in Abu Dhabi.
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OPEC says oil demand will hit 110 million barrels per day in 2045
Global oil demand will rise to 110 million barrels a day in about 20 years, pushing the world’s energy demand up by 23%, said OPEC on Monday.
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Iran president meets OPEC chief
Raeisi calls for OPEC members’ unity to foil Western plot to create divisions
SHANA (Tehran) – Iran’s president held talks with the Organization of the Petroleum Exporting Countries secretary general here on Saturday, calling for unity among OPEC member states to foil some Western countries’ plot to create divisions.
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OPEC chief meets Iran president, oil minister in Tehran
SHANA (Tehran) – OPEC Secretary General Haitham Al Ghais holds talks with Iran’s President Seyyed Ebrahim Raeisi and Oil Minister Javad Owji in Tehran on May 27, 2023.
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OPEC chief arrives in Tehran to meet president, oil minister
SHANA (Tehran) – OPEC Secretary General Haitham Al Ghais arrived in Tehran on Friday to hold talks with President Seyyed Ebrahim Raeisi and Oil Minister Javad Owji.
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OPEC chief says underinvestment could trigger oil market volatility
OPEC Secretary-General Haitham Al Ghais said on Monday that underinvesting in the oil and gas sector could cause market volatility in the long term and imperil growth.