The global energy industry requires annual investments of $4 trillion as the surge in data centers and artificial intelligence drives up demand, according to Sultan Al Jaber, CEO of the largest crude producer in the UAE. Long-term demand growth will outweigh current worries about an oil oversupply, Al Jaber stated at a conference in Abu Dhabi, emphasizing the necessity for investors to develop resources to support the upcoming data boom, including upgrading power grids.
ADNOC CEO Emphasizes the Need for $4 Trillion in Energy Investments Due to AI Growth
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