The industry wants to 'work towards an energy transition that is orderly, inclusive and helps ensure energy security for all'. Read more at straitstimes.com.
last week and said: “We’re going to need oil for at least another decade.” In Europe, Shell Plc signaled it will stop accelerating spending on renewable energy, while BP Plc slowed its planned reduction of oil and gas output.
The United Arab Emirates’ hosting of the COP28 climate summit in late 2023 will “serve as a fresh opportunity to explore inclusive, sustainable and consensus-based solutions to climate change,” said the secretary-general, who’s from OPEC member Kuwait. Al Ghais reiterated that OPEC and its partners – known as OPEC+, the 23-nation alliance is led by Saudi Arabia and Russia – are committed to keeping the oil market stable.
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