OPEC Secretary-General Haitham Al Ghais speaks exclusively to CNBC’s Dan Murphy at ADIPEC in Abu Dhabi. He discusses OPEC’s decision to pause output hikes in Q1 2026, and investment in the oil industry to meet the demands of artificial intelligence.
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The output increase will remain largely on paper as long as the U.S.-Iran war continues to disrupt Gulf oil supplies.
OPEC+ agreed a small oil output increase for December and a pause in increases in the first quarter of next year.
