wth of global population, Secretary General of the organization Haitham Al Ghais said in an article devoted to the 65th anniversary of the foundation of OPEC.
"Looking ahead, oil will remain vital in the future, with OPEC’s latest World Oil Outlook 2025 seeing oil demand rising to around 123 million barrels a day by 2050. This expansion is driven by the fact that the world will need more energy as economies and populations expand. Energy security for all is critical and is inconceivable without oil," he wrote.
With billions of people in the developing world continuing to be impacted by energy poverty, it is vital to look at how this growth can be achieved in a sustainable way by all the various energies, balancing the needs of people in relation to their social welfare, the economy and the environment, Secretary General said, adding that the focus must be on an all-energies, all-technologies, and all-peoples approach.
"Just as in 1960, OPEC believes in prudent and realistic approaches to tackle the energy challenges and opportunities before us, with market stabilization efforts remaining to the fore, as we all look to chart appropriate future energy pathways for nations and peoples worldwide," he said.
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