At least $12 trillion in oil industry investments are needed to prevent a spike in energy prices, OPEC chief says

• OPEC Secretary-General Haitham Al-Ghais warned that energy prices could spike due to underinvestment.
• At least $12 trillion needs to be invested in the industry through 2045, he told CNN.
• "By underinvesting, we are actually endangering energy security."

If the global economy wants to avoid spiking energy prices, oil industry investments need to substantially pick up, OPEC Secretary-General Haitham Al-Ghais told CNN.

Through 2045, the industry will require at least $12 trillion in investments to avoid potentially costlier crude, he said.