Business · Energy & Commodities · 14 hrs ago
OPEC chief praises Saudi pipeline as oil demand is forecast to grow
OPEC Secretary General Haitham Al-Ghais praised Saudi Arabia’s East-West oil pipeline at the 25th World Petroleum Conference in Riyadh.
He said the pipeline is an example of planning to protect energy supplies.
Al-Ghais said energy security depends on long-term investment and infrastructure that can withstand possible disruptions.
He also said global oil demand is forecast to grow by about 1.7 million barrels a day in 2027.
That forecast points to oil remaining an important part of the world’s energy mix.
The conference, hosted in Riyadh for the first time, brought together energy ministers, company leaders and policymakers to discuss supply security and changes in the energy system.
OPEC Secretary General Haitham Al-Ghais praised Saudi Arabia’s East-West oil pipeline as a model for planning and securing energy supplies.
He said energy security requires long-term investment and infrastructure able to withstand potential disruptions.
Al-Ghais said forecasts point to global oil demand growing by about 1.7 million barrels per day by 2027.
He made the remarks during the 25th World Petroleum Conference in Riyadh.
- Who
- OPEC Secretary General Haitham Al-Ghais.
- What
- He praised Saudi Arabia’s East-West oil pipeline and said global oil demand is forecast to grow by about 1.7 million barrels per day by 2027.
- When
- During the 25th World Petroleum Conference; the article was published on 12 October 2026.
- Where
- Riyadh, Saudi Arabia.
- Why
- He said the pipeline helps secure energy supplies, while forecasts indicate continued growth in oil demand.
This story does not have two clearly opposing sides.
Okaz published Al-Ghais’s remarks about the pipeline and the oil demand forecast.
Global oil demand is forecast to grow by about 1.7 million barrels per day.
- Speaker
- Haitham Al-Ghais, OPEC Secretary General
- Pipeline
- Saudi Arabia’s East-West oil pipeline
- Forecast
- Global oil demand to grow by about 1.7 million barrels per day by 2027
- Event
- 25th World Petroleum Conference
- Location
- Riyadh, Saudi Arabia
What people are saying
the East-West oil pipeline in Saudi Arabia represents a strong model for proactive planning and securing energy supplies
energy security requires long-term investments and infrastructure capable of facing potential challenges and disruptions
forecasts indicate a growth in global oil demand of about 1.7 million barrels per day by 2027
Sources
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