Abu Dhabi hosted a major oil conference on Monday after OPEC+ delayed its plan to increase oil production for early 2026. The oil group, which includes OPEC members and producers led by Russia, made the decision to avoid an oversupply in the world market. The delay followed new sanctions by the United States and the United Kingdom on Russian energy companies such as Rosneft and Lukoil. Despite these restrictions, Lukoil continued to be a sponsor at the Abu Dhabi International Petroleum Exhibition and Conference. The Brent crude oil price was about $65 per barrel, much lower than in 2022, showing changes in global energy demand.

Energy experts explained that the move was a complex but strategic decision to monitor the market and help stabilize oil prices. The United Arab Emirates continues to enhance energy growth by investing in renewable power. Specialists said these efforts may assist in building a more resilient and substantial energy system for future development.