OPEC Secretary General: Oil investment lag sowing seeds for future energy crises

The world must act swiftly to invest in oil to prevent future energy emergencies as global demand for the hydrocarbon grows in the long term, OPEC Secretary General Haitham Al Ghais said on Tuesday.

“If we don’t get it right this time we are sowing the seeds for future energy crises – not just one, but multiple,” he told Reuters in an interview.