Al Kaabi: Oil Demand to Remain Above 100M by 2040

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ADNOC's Upstream CEO, Musabbeh Al Kaabi, anticipates oil demand to stay above 100 million barrels per day until 2040, citing significant energy demand growth. ADNOC also plans to increase its production capacity to 5 million barrels per day by 2027.

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Market impact analysis based on bullish sentiment with 90% confidence.

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Bullish
ثقة الذكاء الاصطناعي
90%

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ADNOC’s Upstream CEO says they are seeing a significant growth in energy demand. Musabbeh Al Kaabi also told Bloomberg’s Horizons Middle East and Africa anchor Joumanna Bercetche on their plans to increase capacity to 5 million b/d by 2027. (Source: Bloomberg)

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ADNOC's Upstream CEO, Musabbeh Al Kaabi, anticipates oil demand to stay above 100 million barrels per day until 2040, citing significant energy demand growth. ADNOC also plans to increase its production capacity to 5 million barrels per day by 2027.

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Market impact analysis based on bullish sentiment with 90% confidence.

المقال الأصلي منشور بواسطة Bloomberg في نوفمبر 5, 2025.
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