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Oil and Gas to Fuel the 500% Surge in Data Center Power Demand
Market Intelligence Analysis
AI-Powered
Why This Matters
The expected 500% surge in power demand from data centers by 2040 is likely to be met by oil and gas, driven by AI boom and global economic growth, according to ADNOC CEO Sultan Al Jaber.
Market Impact
Market impact analysis based on bullish sentiment with 80% confidence.
Sentiment
Bullish
AI Confidence
80%
Time Horizon
Short Term
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
Hydrocarbons are set to meet about three-quarters of the expected 500% surge in power demand from data centers, as the AI boom and global economic growth push energy demand “accelerating across every dimension,” Sultan Al Jaber, ADNOC chief executive, said on Tuesday. The surge in AI use and the data centers to handle the technologies are set to boost power demand from data centers by 500% by 2040, Al Jaber, who is also UAE Minister of Industry and Advanced Technology, said at the Abu Dhabi Sustainability Week. Soaring power…
Original article published by
OilPrice.com
on January 13, 2026.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.