Energy and oilUpdated November 9
OPEC chief: Future needs more than electricity
Asharq Al-Awsat reported that OPEC Secretary-General Haitham Al Ghais made the case in a COP31-related opinion article for treating energy sources as interconnected, rather than assuming electricity will replace other sources. He expects electricity demand to grow as electrification expands, while demand for oil and oil-derived products also increases because they are used in equipment, electricity networks and renewable-energy technologies. As one illustration, Al Ghais estimates that a medium-sized electric vehicle may contain about 45% more plastic and composite materials than a comparable petrol- or diesel-powered vehicle. The comparison supports his integration argument: in his view, growing electrification does not remove the need for other energy sources.
Coverage started November 9