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ADNOC Expects Oil Demand to Stay Above 100 Million Barrels a Day Through 2040
Market Intelligence Analysis
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Why This Matters
ADNOC's CEO predicts oil demand to remain above 100 million barrels per day through 2040, driven by increasing demand for LNG and electricity, emphasizing the need for investment in all forms of energy.
Market Impact
Market impact analysis based on bullish sentiment with 90% confidence.
Sentiment
Bullish
AI Confidence
90%
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.
Oil demand will stay above 100 million barrels per day (bpd) through 2040, the chief executive of Abu Dhabi National Oil Company (ADNOC) said on Tuesday, reiterating the need for investment in all forms of energy. Global oil demand will remain above 100 million barrels per day through 2040, with demand for both LNG and electricity surging by 50% or more. Sultan Al Jaber, UAE Minister of Industry and Advanced Technology, and Managing Director and Group CEO of ADNOC, told the India Energy Week conference. Global power demand…
Original article published by
OilPrice.com
on January 27, 2026.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.