Reported about 12 hours ago
At the Abu Dhabi International Petroleum Exhibition and Conference, officials expressed optimism about rising energy demand spurred by industries like artificial intelligence and global aviation, despite OPEC+ halting planned production hikes for early 2026. U.S. Interior Secretary Doug Burgum emphasized that the focus should be on increasing energy supply rather than transitioning away from fossil fuels. The conference comes on the heels of COP28, where a collective call to phase out fossil fuels was made, contrasting the UAE's plans to boost oil production capacity in the coming years.
Source: YAHOO