SAWT BEIRUT INTERNATIONAL

| 27 May 2024, Monday |

ADNOC’s Jaber says investment in fossil fuels required to avoid disrupted market

Sultan al-Jaber, the CEO of Abu Dhabi National Oil Co (ADNOC), stated on Monday that investments in oil and gas capacity are needed “to avoid supply and demand problems.”

He noted that the lack of investments in fossil fuels is causing unprecedented instability in the energy markets.

    Source:
  • Reuters