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ADNOC: Oil Demand to Remain Above 100 Million Barrels Past 2040
Market Intelligence Analysis
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Why This Matters
ADNOC's Upstream CEO predicts global oil demand to remain above 100 million barrels per day past 2040, driven by growth in aviation, petrochemicals, and industries such as AI and data centers.
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.
Global oil demand will continue to grow in the coming decades and remain above 100 million barrels per day (bpd) in 2040 and beyond, ADNOC’s Upstream CEO Musabbeh Al Kaabi told Bloomberg on Wednesday. Aviation, petrochemicals, and industries including AI and data centers will drive global oil and total energy demand higher in the next decades, according to the executive of the national oil company of the United Arab Emirates (UAE), one of OPEC’s top producers. ADNOC is well positioned to help meet the growing…
Original article published by
OilPrice.com
on November 5, 2025.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.