Haitham Faisal Al Ghais

Haitham Faisal Al Ghais
Secretary-General of OPEC

Most of What You Pay at the Pump Is Taxes 

The world could not function without crude oil and its associated products. For consumers, it delivers gasoline, diesel and a host of other transportation fuels, and enables the development of plastics, pharmaceuticals, medical supplies and much more. For producers, the revenues derived from this…

The Energy Mix is Not a Zero-sum Game: Oil and the Electricity Grid

Electrification is often presented as oil’s great rival. If we are to believe some of the myths perpetuated about the energy industry, electrification and oil operate in silos, sealed off from one another, as they engage in an existential struggle. ‘There can be only one winner,’ mythmakers tell us…

Why Does the World Need Oil?

Do you know what toothpaste, cameras, soap, computers, jet fuel, car wheels, contact lenses and prosthetics have in common? Oil: If oil were to disappear today, we would lose many important goods and services that require oil or an oil derivative. Without oil, we would see transportation…