ADNOC: Oil Demand to Remain Above 100 Million Barrels Past 2040
Affected assets and topics
Why it 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.
Article tone
Expected market reaction
Market impact analysis based on bullish sentiment with 90% confidence.
Evidence trail
Evidence
AI provenance
Technical identifiers
- Provider tag
- groq-llama-3.1-8b-instant
- Analysis version
- groq-llama-3.1-8b-instant
- Article id
- 7018
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…
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Original article published by OilPrice.com on November 5, 2025. Analysis and insights provided by AnalystMarkets AI.