Latest News on Oil & Gas Industry
Under supply in oil market a bigger worry, says Al Mazrouei
Minister highlights lopsided distribution of investments within OPEC+ countries
Talking about the global economy’s resilience in the face of rising oil prices and increasing interest rates, the minister pointed out the necessity of maintaining a balanced market that appeals to investors. While this year has seen an uptick in energy investments, he cautioned against pushing production to its limits, risking a potential shortage of spare capacity. Such a scenario could trigger price volatility and supply disruptions. A key concern Al Mazrouei raised is the lopsided distribution of investments within OPEC+ countries. Although they collectively control 80 per cent of the world’s oil resources, they produce only 40 per cent. This glaring investment imbalance poses a grave risk to future energy supplies.