ADNOC Expects Oil Demand to Stay Above 100 Million Barrels a Day Through 2040

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Affected assets and topics

CONFERENCE OIL

Why it 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.

Article tone

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

Expected market reaction

Bullish Confidence 90% How confidence is read Horizon: Short term Impact: Moderate

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

Evidence trail

Evidence
Source OilPrice.com
Claim ADNOC Expects Oil Demand to Stay Above 100 Million Barrels a Day Through 2040
AI inference Bullish · 90%
Generated 2026-01-27 14:30

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
37752

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…

Read the full article on OilPrice.com

Original article published by OilPrice.com on January 27, 2026. Analysis and insights provided by AnalystMarkets AI.

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