DUBAI: OPEC Secretary General Abdullah al-Badri said that despite uncertainties, OPEC members

were ready to make the necessary investments to respond to the world’s future energy needs. Badri also said that a wave of project cancellations and deferrals in the industry was a ‘clear demonstration that wide price fluctuations have a detrimental effect on investments and can sow the seeds of future instability’, in a statement on the International Energy Forum’s website.