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Al Kaabi: Oil Demand to Remain Above 100M by 2040
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Why This Matters
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.
Market Impact
Market impact analysis based on bullish sentiment with 90% confidence.
Sentiment
Bullish
AI Confidence
90%
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
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)
Original article published by
Bloomberg
on November 5, 2025.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.