Abu Dhabi National Oil Company’s chief executive Sultan al-Jaber said on Monday that oil demand may fluctuate in the months ahead but the long-term fundamentals of the oil industry remain strong.
“We expect that oil demand will grow to over 105 million barrels per day by 2030, and continue to supply over half the world’s energy needs for many decades to come,” al-Jaber told the annual ADIPEC oil and gas virtual conference.
Oil climbs above $38 after Biden election win, gold gains for third dayOil advanced above $38 a barrel and gold climbed for a third day as President-elect Joe Biden prepared to transition into the White House even as ... Energy
Oil prices largely steady as US election uncertainty dominates marketsOil prices were largely steady on Thursday as Democrat Joe Biden edged closer to the White House in a close US presidential election, though doubts ... Energy
What do US oil companies predict for the industry?International oil companies - US companies in particular - are an important indicator of the future of the petroleum industry. Last week, despite the ... In Translation