In this episode of the Brussels Signal Horizon Podcast, Dr. Anas F. Alhajji discusses with @ralph-schoellhammer the complexities of the oil market, particularly focusing on OPEC and its role in managing oil production and prices.
He emphasises that OPEC is not a cartel but rather a necessary management entity for the oil market. The conversation delves into the historical context of OPEC´s formation, its evolution into OPEC Plus, and the future of oil management amidst changing global dynamics and technological advancements.
Dr. Alhajji also addresses the misconceptions surrounding renewable energy’s impact on oil demand and the ongoing challenges within the energy sector. In this conversation, Anas Alhajji discusses the future of oil demand, the impact of electric vehicles, and the challenges facing the U.S. shale industry.
He says that electric vehicles will not significantly reduce oil demand and that urbanisation and rising incomes in emerging economies are driving energy consumption. Dr. Alhajji also highlights the limitations of renewable energy in meeting growing energy needs and the human resources challenges within the oil industry, advocating for increased use of technology and automation.
#OPEC #oil #energy #renewables #electricvehicle #technology 🔔 Don’t forget to like, comment, and subscribe for more in-depth #videos on the issues that matter to you!
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