Climate Looms Large Over Middle East’s Biggest Oil Gathering

📆 1/10/2023 5:06 pm
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(Bloomberg) -- At the biggest Middle Eastern energy conference this week, oil won’t be top of the agenda. Most Read from BloombergSenate Voting on Bill to Avert US Government ShutdownCongress Averts US Government Shutdown Hours Before DeadlineOnce Unthinkable Bond Yields Are Now the New Normal for MarketsEurope’s Richest Royal Family Builds $300 Billion Finance EmpireWeight-Loss Drugs Estimated to Save Airlines MillionsMinisters and business chiefs will gather in Abu Dhabi for the Adipec summit,

Ministers and business chiefs will gather in Abu Dhabi for the Adipec summit, an annual gathering where oil investment, production and markets have been dominant topics in the forum’s long-running history. This time around, climate is likely to take over.

Producers now “want to be part of the energy-transition discussion,” said Ed Bell, a senior director for market economics at Emirates NBD PJSC in Dubai. Yet “they’re going to be stressing the need for reliable supplies and that renewables can’t do the job on their own.”

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Climate Looms Large Over Middle East’s Biggest Oil GatheringAt the biggest Middle Eastern energy conference this week, oil won’t be top of the agenda.
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