INTERVIEW: OPEC chief says oil investments necessary for global energy security

Global spare oil production capacity has shrunk and the refinery sector is not keeping pace with growing fuel demand, putting the world at risk of future supply crunches, according to OPEC Secretary General Haitham al-Ghais. The industry is in need of significant investment, but finds itself in an increasingly challenging financial environment, exacerbated by “unhelpful criticism and misguided narratives” about…