OPEC Chief: World Needs More Oil, Stable Supplies Crucial
Haitham Al Ghais, OPEC Secretary-General, has underscored the critical need for increased global energy supplies over the next decade. His statement, issued on Thursday, July 10, 2025, highlights the ongoing demand for oil.
Al Ghais emphasized the importance of ensuring a stable and secure flow of oil to meet this growing demand. This comes amidst ongoing global uncertainties in the energy sector.
The statement carries significant weight, given OPEC’s influence on global oil markets. India, a major oil importer, will need to carefully consider this projection when formulating its energy security strategy for the coming years. The implications for domestic fuel prices and economic growth warrant close monitoring.