RIYADH: Oil will continue to play a pivotal role in future energy pathways, as petroleum products are essential for the functioning of various sectors, according to the OPEC secretary-general.
Haitham Al-Ghais said that member countries of the oil producers alliance have clear national electrification plans, which are crucial to reducing emissions, according to a statement from the organization.
The comments came after the International Energy Agency projected that global oil demand will continue to decline, driven by rapid electric vehicle adoption.