Demand for oil is likely to push prices up next year. UAE Minister of Energy His Excellency Suhail Al Mazrouie observed that oil prices will soar as investments in the industry dwindle. OPEC has also raised its forecast for global demand next year and until the end of the decade. The group’s World Oil Outlook, released on Tuesday, says demand will reach 95.3 million barrels a day by 2017, and 98.3 million barrels a day by 2020. Marios Maratheftis, Chief Global Economist at Standard Chartered, agrees.
Listen here
ADNOC, Gecko Robotics sign deals to accelerate AI, robotics, skills training
ADIPEC 2025 kicks off in Abu Dhabi with record global presence
Maktoum bin Mohammed chairs Board meeting of Federal Tax Authority
UAE’s first AI-designed business complex launched in Sharjah
ADNEC Group to host two of world’s largest events simultaneously in Abu Dhabi, London
