Oil demand likely to fluctuate in upcoming period – ADNOC CEO

SectorOil & Gas

UAE - Mubasher: The oil demand may fluctuate in the upcoming months, but the long-term fundamentals of the oil and gas sector remain strong, the UAE Minister of Industry and Advanced Technology and Group CEO of ADNOC, Sultan Ahmed Al Jaber, said on Monday. This announcement was made during the opening speech of the Abu Dhabi International Petroleum Exhibition Conference (ADIPEC), virtually held on 9-11 November 2020, according to a press release on Monday. Al Jaber confirmed that the oil and gas industry can play a key role in driving economic development in the post-coronavirus (COVID-19) recovery by ensuring a steady supply of energy to promote growth. Hence, the minister has urged the industry to unite in achieving the recovery.

Al Jaber noted: "Even at ...