let s start with oil, because at the weekend, the secretary general of the organization of petroleum exporting countries, haitham al ghais, said he expects global oil demand to exceed pre pandemic levels this year. so what does this mean for the oil industry? joining me now is russ mould, investment director at aj bell. does this mean we are going to hit $100 per barrel again in 2023? , ., , hit $100 per barrel again in 2023? ., , ., hit $100 per barrel again in 2023? a, a a, 2023? gosh, that s a tricky question 2023? gosh, that s a tricky question for 2023? gosh, that s a tricky question for this 2023? gosh, that s a tricky question for this time - 2023? gosh, that s a tricky question for this time of i 2023? gosh, that s a tricky | question for this time of day. you can certainly construct a case where you can see oil going back up, perhaps not to the height of last year, but we have china reopening, the davos crowd and the imf seeming less worried about global econo
Helped ease overall price rises in many countries, but there are concerns that a jump in crude could once again stoke inflation. So, governments are seeking alternatives, while still trying to balance the short term need for oil. Those alternatives could also help tackle Climate Change and keep global temperature rises to 1. 5 degrees above pre industrial levels. Just last week, the International Energy agency renewed its assertion that no new gas and oil projects were needed if the world was to meet that goal. Opecs Secretary General told my colleague, sally bundock, that the group doesnt agree. We have always, at opec, talked about the concern we have for future under investments, as some have called for stopping investment in oil. We believe this is equally dangerous. This will lead to volatility in the future, possibly supply shortages. And therefore, we at opec have always advocated for the importance of continuing to invest in the oil industry, as we also invest in decarbonising
Once again stoke inflation. Governments are seeking alternatives, while still trying to balance the short term need for oil. The alternatives could also help tackle Climate Change and keep global temperature rises to 1. 5 above pre industrial levels. Just last week, the International Energy agency renewed its assertion that no new gas and oil projects were needed if the world was to meet that goal. Opecs Secretary General told my colleague, sally bundock, that the group doesnt agree. We have always, at opec, talked about the concern we have for future under investments, as some have called for stopping investment in oil. We believe this is equally dangerous. This will lead to volatility in the future, possibly supply shortages. And therefore, we at opec have always advocated for the importance of continuing to invest in the oil industry, as we also invest in decarbonising the industry and move on to adding other forms of alternative energy, such as renewables. From our perspective in o
Move to 2035 petrol diesel cars and also on the gas board constituents are right about the costs in us but by making that decision, it becomes the right decision, but labour immediately make a decision, they said they would reverse it. There you have now a debating point, a moment where two sides dont agree, people have got to make a choice and thats really the principle. Whether its as important as that obviously not the key is. Let its as important as that obviously not the key is. Not the key is. Let me ask you about the not the key is. Let me ask you about the prime not the key is. Let me ask you about the Prime Ministers not the key is. Let me ask you l about the Prime Ministers speech tomorrow. It feels really important moment for rishi sunak, he has not quite hit the ground running yet in this conference. The speech tomorrow at midday is going to be think it is fair to say a pretty big moment if he is going to sell himself to the electorate. What do you want to hear . I electora