EU, OPEC says secure oil demand key to spurring investment

The European Union (EU) and the Organization of the Petroleum Exporting Countries (OPEC) agreed on Tuesday that secure future demand of oil is key to spurring oil investment to guarantee supply.

The EU and OPEC “recognized the importance of secure future demand for crude and products in spurring timely investment both upstream and downstream, thus contributing to greater security of supply,” said energy officials from both sides in a joint statement after a meeting here.

Xinhuanet