OPEC Secretary-General Haitham al-Ghais speaks during the ADIPEC, Oil and Energy exhibition and conference, in Abu Dhabi, United Arab Emirates, on Oct. 2.OPEC is optimistic on demand and sees underinvestment as a risk to energy security, Secretary-General Haitham Al Ghais said on Monday at an energy industry event in Abu Dhabi.
“We still see oil demand as quite resilient this year, as it was last year,” Al Ghais said, noting the group’s forecast was for year-on-year demand growth of more than 2.3 million barrels per day .“We are … running quite low on spare capacity, we have said this repeatedly and this requires a concerted effort by all of the stakeholders to see the importance of investing in this industry,” he said.
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