Trillions of dollars of investments are needed to keep pace with global oil demand expectations, OPEC’s president said. File Photo courtesy of OPEC June 22 (UPI) — Given the pace of global economic development, oil demand is strong, but major investments are needed to keep up, the president of OPEC said Friday. Ministers from the Organization of Petroleum Exporting Countries wrap up regular meetings in Vienna on Saturday. Early Friday, ministers agreed to put more barrels on the market daily to offset shortages from members like Venezuela. Speaking at the start of Friday’s summit, Emirati Energy Minister Suhail Mohamed al-Mazrouei said a cautious approach was necessary for a market exposed to heightened geopolitical risk. That said, the market was stabilizing on the back of strong economic growth. “The global economy is strong, oil demand remains robust, the market is evidently rebalancing, and the return of more stability has been […]