Oil and Gas to Fuel the 500% Surge in Data Center Power Demand

OilPrice.com Published Updated Commodities
Sign in to save

Affected assets and topics

OIL

Why it 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.

Article tone

Neutral How the article is written, as reported by the source.

Expected market reaction

Bullish Confidence 80% How confidence is read Horizon: Short term Impact: Moderate

Market impact analysis based on bullish sentiment with 80% confidence.

Evidence trail

Evidence
Source OilPrice.com
Claim Oil and Gas to Fuel the 500% Surge in Data Center Power Demand
AI inference Bullish · 80%
Generated 2026-01-13 12:00

AI provenance

Analysed by Llama 3.1 8B Instant (Groq) Methodology v1.0 Generated
Technical identifiers
Provider tag
groq-llama-3.1-8b-instant
Analysis version
groq-llama-3.1-8b-instant
Article id
31935

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…

Read the full article on OilPrice.com

Original article published by OilPrice.com on January 13, 2026. Analysis and insights provided by AnalystMarkets AI.

Related coverage