OPEC Says Gas Crisis Shows Energy Transition Is Being Botched
- Price surge shows that vital investment being blocked: Sec-Gen
- Barkindo calls on policy-makers to reflect before COP26 talks
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As oil prices push above $80 a barrel and fears over the global energy crunch grow, some observers say the OPEC+ coalition isn’t doing enough to steady the market.
For the organization’s top official, Secretary-General Mohammad Barkindo, the blame lies elsewhere. Turmoil spreading from natural gas markets shows that the energy transition is impeding vital investment in supply.