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Transcripts For BBCNEWS Verified 20240703

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 futur ....

Spacejunk Orbiting The Earth , Business Day , Ben Thompson , Oil Industry , Haitham Al Ghais , Oil Ministers , Oil Prices , Industry Conference , Oil Production , Abu Dhabi , Climate Change , International Energy Agency , 1 5 , Doesn T , Secretary General , Sally Bundock , Supply Shortages , Alternative Energy , Bimonthly Basis , Thejoint Ministerial Monitoring Committee , Holistic Picture , Market Global , Let S , Production Cuts , Of 202a , Of Opec ,