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.

Disclaimer: Fusion media would like to remind you that the data contained in this site is not necessarily real time or accurate. All CFDs (stocks, indices, futures) and Forex prices are not provided by the exchanges but rather by the market makers, and therefore the prices may not be accurate and may differ from the actual market price, which means that the prices are indicative and not suitable for trading purposes. Therefore, Fusion Media assumes no responsibility for any business losses that you may incur as a result of the use of such data.

Fusion media or anyone involved with Fusion Media will accept no responsibility for any loss or damage resulting from reliance on any information, including data, quotes, graphics and buy / sell signals contained in this website. Please be fully informed about the risks and costs associated with trading in the financial markets, it is one of the riskiest forms of investing possible.


Source link

Felix J. Dixon