Abu Dhabi opened a major oil summit Monday with officials offering bullish optimism that power demands for artificial intelligence and global aviation will boost energy prices, just hours after OPEC+ paused production increases planned for next year.
The comments at the annual Abu Dhabi International Petroleum Exhibition and Conference in the Emirati capital highlighted the contradictions in the market and in the United Arab Emirates, a major oil producer that hosted the United Nations COP28 climate talks in 2023.
