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2026-11-10T15:25:53.000Z

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OPEC: All Sources Matter

OPEC: All Sources Matter

Haitham Al Ghais, Secretary General of OPEC, said in Kuwait on November 10, 2026, that the future of energy requires all energy sources to work together, rather than relying on electricity alone, despite the growing need for it in the coming decades. He explained that electrifying sectors requires extensive infrastructure and equipment, whose manufacture and transport depend on supply chains and modes of transport that use petroleum fuels. It also increases demand for petroleum-derived products, including plastics. He added that the wider adoption of electric vehicles faces challenges, including the availability of critical minerals, the capacity of power grids and charging stations, government support, and market conditions and their impact on manufacturers and consumers.

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