TotalEnergies executive predicts sustained demand for oil over the next decade By Reuters

© Reuters. FILE PHOTO: The logo of French oil and gas company TotalEnergies is seen at a gas station in Ressons, France, August 6, 2021. REUTERS / Pascal Rossignol / File Photo

DUBAI (Reuters) – The exploration and production chairman of Totalenergies said on Monday that demand for oil is expected to be strong over the next decade.

Mubadala Petroleum chief executive Mansoor Mohamed Al Hamed said he expects demand for oil in 2024 to be 7% higher than levels seen in 2019.

Both were speaking on the sidelines of an industry event in Abu Dhabi.

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Felix J. Dixon