The United Arab Emirates kicked off its annual oil-and-gas summit with a focus on boosting energy production amidst volatile global prices and uncertain world politics ahead of the U.S. presidential election. The Abu Dhabi International Petroleum Exhibition and Conference aims to address the challenges facing the energy sector.
Last year, the UAE hosted the United Nations COP28 climate talks, where nearly 200 countries pledged to move away from fossil fuels. Despite this, the UAE plans to increase its oil production capacity to 5 million barrels a day while also exploring cleaner energy options domestically.
