Al Kaabi: Oil Demand to Remain Above 100M by 2040

Bloomberg Published Updated Economy
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Affected assets and topics

GROWTH

Why it 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.

Article tone

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

Expected market reaction

Bullish Confidence 90% How confidence is read Impact: Moderate

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

Evidence trail

Evidence
Source Bloomberg
Claim Al Kaabi: Oil Demand to Remain Above 100M by 2040
AI inference Bullish · 90%
Generated 2025-11-05 07:58

AI provenance

Analysed by Gemini 2.0 Flash Exp Methodology v1.0 Generated
Technical identifiers
Provider tag
gemini-2.0-flash-exp
Analysis version
gemini-2.0-flash-exp
Article id
6898

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)

Read the full article on Bloomberg

Original article published by Bloomberg on November 5, 2025. Analysis and insights provided by AnalystMarkets AI.

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