Oil demand to hold above 100 million bpd through 2040, says ADNOC CEO

Core Viewpoint - The head of Abu Dhabi National Oil Company (ADNOC) projects that global oil demand will remain above 100 million barrels per day through 2040, indicating a sustained demand for oil in the coming decades [1] Group 1: Oil Demand - Global oil demand is expected to stay above 100 million barrels per day until 2040, reflecting a strong and ongoing need for oil [1] - This forecast suggests that the oil industry will continue to play a crucial role in the global energy landscape [1] Group 2: LNG and Electricity Demand - In addition to oil, there is an anticipated increase in demand for liquefied natural gas (LNG) and electricity, highlighting a broader trend in energy consumption [1] - The growth in LNG and electricity demand may indicate a shift in energy preferences and consumption patterns among global markets [1]