Three energy subjects on everyone’s lips in the OPEC Seminar
The Blue Logo (OPEC) of the Petroleum Exporting Countries has appeared on the face of its headquarters at Vienna, Vienna on June 9, 2025.
Nurfoto | Nurfoto | Getty
OPEK says that more than 1000 ministers, chief executive officers, policymakers, analysts, and journalists were invited to their biennial seminar to discuss important trends and green transitions in the market and gas market.
There were three main topics in the discussion:
Green transition
In speeches and interviews, OPEK ministers once again advocated a double-method view for green transitions, which can still prevent supply of supply to hydrocarbon while increasing the availability of renewal.
“Oil and gas will be essential. In particular, in the development of heavy industries and emerging economies,” Saudi Prince and Energy Minister Abdullays Bin Salman said during his special criticism on Wednesday. “It is exciting to see that many countries are now taking a more practical view of the transition, re -evaluating the timeline, adjusting policies, and confirming the role of hydrocarbon in support of energy security and competitiveness.”
In an interview by CNBC’s Dan Murphy on Thursday, OPEC Secretary-General Hetham Al-Gais echoed this opinion:
He said, “We do not understand that the world has not invested in all the sources of energy. We need to invest in technology to reduce emissions and emissions,” he said.
Critics have asked this point of view – And the UAE steps to organize UN cop climate conferences in the OPP member 2023 – as a service to the interests of the Middle -East countries depending on the potential green washing and oil income. In the late 2021, then the President of the United States Biden Call out Opke+ manufacturer Saudi Arabia and Russia – with the world’s leading crude importer China for not having enough work in battle against climate change. Riyadh and Moscow had previously promised to reach the net-zero greenhouse gas emissions by 2060, while Washington says it would reach the stage by 2050.
White House has moved some gears to Donald Trump’s second administration, which is a fanatic champions “The American is leaving energy“And more home -grown oil production is sought.
Oil approach
OPEC’s World Oil Outlook was announced on a wide analysis-Thursday rather than the monthly oil market report of the group of 450. Demand for oil will be equivalent to 1.2.5 million barrels of oil every day between 1 and 650, India, Middle East and Africa. The combined share of oil and gas in the global energy mixture remains more than 50% during the analysis period.
The demand for small-grade is also at the forefront of the views of OPEC and his oil manufacturing, known as OPEC and OPEC+. Eight OPEC+ Member – Heavyweight Manufacturers include Russia and Saudi Arabia, Alzaria, Iraq, Kazakhstan, Kuwait, Oman and United Arab Emirates – On July 5 In August, the decision to implement 548,000 barrel-de-D-D-D-D-D-D-D-D-D-D-D-Days was quoted in August, “Low Oil Inventory” and “Stable Global Economic Purpose and Current Healthy Health Principles” in August.
Saudi Energy Minister Abdulazis Bin Salman spoke on October 224 during the annual Future Investment Initiative (FII) conference in Riyadh on October 224.
Fayez Neurelin | AFP | Getty
Speaking to reporters on Wednesday morning, UAE Energy Minister Suhail Al-Mazroe said, “In my decision, the market is deeper than to notice the market.”
He emphasized that there was no concern over the overhang of the potential supply as a result of rapid production growth.
“No, I’m not worried, because every time we make decisions, we balance. And you can see that even with growth … we have not seen the major build-up in the list. That is, the market needs those barrels,” he said.
Capacity
OPEK ministers renewed for additional investment in oil and gas sector in the oil and gas sector, promoting the low -cost levels during low prices and current green transitions. OPEC’s World Outlook 225 estimates that the “reliable” market is supplied and the natural decline in the mature area requires investment of more than 2025-2050 global oil investment of 18.2 trillion.
In his latest global energy investment reportThe international energy agency is estimated that oil prices will decrease and demand for demand will decrease by 6% in 225, COVID -1 (the largest downside) of all the epithelium and the largest downtown after 3 SINC.
“I also have to say that the demand has increased, proper action should be taken in terms of investment. Therefore, oil and gas production and distribution – infrastructure – investment is needed. And this investment should be made today,” Azri’s Energy Minister Public Minister Shahbazov said on a panel on Wednesday.
Oil pumpjack appears in a field on April 08, 2025 on April 08, 2025 at Nollan, Texas.
Brandon Bell | Getty Image News | Getty
In the same conversation, the UAE’s Al-Mazroro said, “Today’s reality, if we look at the open capacity of the world-these numbers are going down for years. The number is declining over the years. Now, now more countries are in the atmosphere when they cannot create what they do last year.”
He acknowledged that these were the case among the OPEC+ producers.
Spare capacity is both a boon and valuable benefit during quota negotiations with some of the OPK countries such as Iraq, Kazakhtan and UAE – in the past, they have been trying to extend the output in accordance with their high capacity.
Speaking mainly on the bought, Indian Petroleum Minister Hardip Singh Puri told CNBC’s Dan Murphy, “The prices are to be stable and predicted, so that the investment in the sector should not be weakened in the case of global consumers.”
Share this content:
Post Comment