Saudi Press

Saudi Arabia and the world
Thursday, Jul 24, 2025

Energy Minister: World needs to collectively work to overcome dwindling energy capacity

Energy Minister: World needs to collectively work to overcome dwindling energy capacity

Saudi Energy Minister Prince Abdulaziz Bin Salman, said that the world needs to wake up to the existing reality of energy capacity running out at all levels.
Prince Abdulaziz voiced concern about the entire energy system and called for collaboration to develop practical solutions to existing and future problems.

During a panel discussion in the World Utilities Congress in Abu Dhabi on Tuesday, the minister underlined the importance of the world paying attention to a current reality represented by the exhaustion of spare energy production capacities at all levels.

He stated: "I am very concerned about the comprehensive energy system that exists today, if I want to focus on the most important messages, the world has to act collectively, responsibly and comprehensively to save the global economy from two problems: supply chains and service issues including energy ... These two important topics besides politics."

He continued, "Let me repeat, in order to maintain global prosperity and the global economy's health, the masks must be removed, sit at the table and work to find a realistic way to deal with the current and future situation...

“It is very easy to find someone to blame but very difficult to admit that people need to reconsider, rethink and deal credibly with their fellow citizens about what needs to be done to salvage the situation."

"Why is the focus on rising oil costs but not on the pricing of gasoline, diesel, or anything else?" he added.

On Monday, Prince Abdulaziz said that the gap between crude oil prices and the prices of jet fuel, diesel and gasoline is about 60% in some cases, due to the lack of refining capacity.

It is noteworthy that the World Utilities Congress provides an exceptional platform for actors in the energy and water sectors around the world.

The congress to discuss trends, technologies and innovations that affect future levels of demand for water supplies and energy sources globally, amid a wide international presence of leaders and experts in the sector.
Newsletter

Related Articles

Saudi Press
0:00
0:00
Close
"Crazy Thing": OpenAI's Sam Altman Warns Of AI Voice Fraud Crisis In Banking
Japanese Prime Minister Vows to Stay After Coalition Loses Upper House Majority
President Trump Diagnosed with Chronic Venous Insufficiency After Leg Swelling
Man Dies After Being Pulled Into MRI Machine Due to Metal Chain in New York Clinic
FIFA Pressured to Rethink World Cup Calendar Due to Climate Change
"Can You Hit Moscow?" Trump Asked Zelensky To Make Putin "Feel The Pain"
Nvidia Becomes World’s First Four‑Trillion‑Dollar Company Amid AI Boom
Iranian President Reportedly Injured During Israeli Strike on Secret Facility
Kurdistan Workers Party Takes Symbolic Step Towards Peace in Northern Iraq
BRICS Expands Membership with Indonesia and Ten New Partner Countries
Elon Musk Founds a Party Following a Poll on X: "You Wanted It – You Got It!"
AI Raises Alarms Over Long-Term Job Security
Saudi Arabia Maintains Ties with Iran Despite Israel Conflict
Russia Formally Recognizes Taliban Government in Afghanistan
Mediators Edge Closer to Israel-Hamas Ceasefire Agreement
Emirates Airline Expands Market Share with New $20 Million Campaign
House Oversight Committee Subpoenas Former Jill Biden Aide Amid Investigation into Alleged Concealment of President Biden's Cognitive Health
Amazon Reaches Major Automation Milestone with Over One Million Robots
Meta Announces Formation of Ambitious AI Unit, Meta Superintelligence Labs
China Unveils Miniature Insect-Like Surveillance Drone
Marc Marquez Claims Victory at Dutch Grand Prix Amidst Family Misfortune
Iran Executes Alleged Israeli Spies and Arrests Hundreds Amid Post-War Crackdown
Trump Asserts Readiness for Further Strikes on Iran Amid Nuclear Tensions
Iran's Parliament Votes to Suspend Cooperation with Nuclear Watchdog
Trump Announces Upcoming US-Iran Meeting Amid Controversial Airstrikes
Trump Moves to Reshape Middle East Following Israel-Iran Conflict
NATO Leaders Endorse Plan for Increased Defence Spending
U.S. Crude Oil Prices Drop Below $65 Amid Market Volatility
Explosions Rock Doha as Iranian Missiles Target Qatar
“You Have 12 Hours to Flee”: Israeli Threat Campaign Targets Surviving Iranian Officials
Oman Set to Introduce Personal Income Tax, First in Gulf
Germany and Italy Under Pressure to Repatriate $245bn of Gold from US Vaults
Iran Intensifies Crackdown on Alleged Mossad Operatives After Sabotage Claims
Trump Praises Iran’s ‘Very Weak’ Response After U.S. Strikes and Presses Israel to Pursue Peace
WATCH: Israeli forces show the aftermath of a massive airstrike at Iran's Isfahan nuclear site
We have new information and breaking details to share about what is shaping up to be a historic air campaign tonight
Six Massive Bombs Dropped on Fordow; Trump: 'A Historic Moment for the U.S., Israel, and the World'
Fordow: Deeply Buried Iranian Enrichment Site in U.S.–Israel Crosshairs
United States Conducts Precision Strikes on Iran’s Nuclear Sites
US strikes Iran nuclear sites, Trump says
Pakistan to nominate Trump for Nobel Peace Prize.
Israel Confirms Assassination of Quds Force Commander in Tehran
16 Billion Login Credentials Leaked in Unprecedented Cybersecurity Breach
Senate hearing on who was 'really running' Biden White House kicks off
G7 Leaders Fail to Reach Consensus on Key Global Issues
Mass exodus in Tehran as millions try to flee following Trump’s evacuation order
Iranian Military Officers Reportedly Seek Contact with Reza Pahlavi, Signal Intent to Defect
Vietnam Emerges as Luxury Yacht Destination for Ultra‑Rich
China's Iranian Oil Imports Face Disruption Amid Escalating Middle East Tensions
Trump Demands Iran's Unconditional Surrender Amid Escalating Conflict
×