The UAE predicts that global oil demand will stay above 100 million barrels per day through 2040. Growing needs for energy and electricity will drive this trend. Consequently, the oil demand forecast highlights urgent opportunities for investors.
At India Energy Week in Goa, Dr Sultan Al Jaber said emerging markets, artificial intelligence, and changing energy systems shape how people consume energy. Therefore, companies must focus on long-term investments rather than reacting to short-term price swings.
In addition, electricity demand will rise sharply due to increased cooling, urban growth, and the expansion of data centers. Moreover, the number of air conditioner units worldwide is expected to triple by 2050, creating record demand. As a result, electricity growth will support oil and LNG consumption.
India will play a key role in global energy demand. Over the next 15 years, air travel will grow 150%, urban populations will near one billion, and data center capacity will increase tenfold. Therefore, these trends will directly affect oil, gas, and power use.
The UAE supplies India with LNG while ADNOC provides crude oil, chemicals, and industrial feedstocks. Additionally, Indian national oil companies hold shares in ADNOC upstream projects. As a result, bilateral trade is set to double to $200 billion by 2032, strengthening business ties.
Besides that, the UAE invests heavily in clean energy. Through ALTÉRRA, the country supports 11 GW of solar, wind, and battery storage projects in India. Furthermore, ADNOC’s international division, XRG, expands gas and chemical portfolios while building industrial and digital infrastructure to meet rising demand.
Technology powers ADNOC operations. The company uses more than 200 AI tools and 65 robotics applications to monitor wells in real time. Consequently, these systems cut unplanned shutdowns and boost efficiency. Meanwhile, innovation keeps attracting strategic foreign investment.
Dr Al Jaber concluded that the UAE offers stable returns, strong governance, and reliable partnerships. Therefore, by building energy infrastructure and global collaborations, the UAE ensures steady supply, sustainable growth, and supports the oil demand forecast.
