Global oil demand has another decade to grow until peaking in 2030, Mubadala Investment Company, one of the largest state wealth funds of the United Arab Emirates (UAE), believes. The coronavirus-inflicted disruption in global oil demand this year will continue into next year, Musabbeh Al Kaabi, chief executive of Petroleum and Resources at the UAE’s Mubadala Investment Company, said in an interview as part of the ADIPEC Energy Dialogue series on Monday. However, the investment firm of OPEC’s third-largest producer currently sees another decade in which oil demand will continue to grow, after recovering from the pandemic. “Predicting the oil market is very challenging. COVID-19 has created major disruption to demand and we expect to see the continuation of that disruption in 2021. But if you project the horizon to 2030, we will go back to an acceptable level of growth, potentially peaking in 2030,” Al Kaabi said. Global […]