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Global Economy Better Positioned In 2020

After a challenging 2019, the global economy is in better shape for 2020 with energy demand remaining robust according to Dr Sultan Al Jaber, Minister of State and Adnoc group chief executive. Al Jaber was speaking at the Atlantic Council Global Energy Forum held in Abu Dhabi, as hundreds of delegates including government officials and industry leaders convened together to set out this year’s energy agenda and outlook. Al Jaber said that hydrocarbons would also continue to form a key pillar of the UAE’s energy strategy, with Adnoc on track to upping its production to 4 million barrels per day (bpd) in 2020. Al Jaber also spoke on the upcoming launch of ICE Futures Abu Dhabi, which will for the first time see Adnoc’s Murban crude being sold on a futures exchange market.

source: gulfnews.com