Energy Crisis Wake-up Call for More Investment, ADNOC CEO Says

Sultan al-Jaber also said the world will continue to need fossil fuels despite the transition to cleaner energy sources.

Nidhi Verma and Ahmad Ghaddar, Reuters

The current energy crisis is a wake up call for the need to invest more in the sector to avoid another energy supply crunch, Abu Dhabi National Oil Co. (ADNOC) Chief Executive Sultan al-Jaber told an energy conference on Oct. 20.

The oil minister of India, the world's third biggest oil consumer and importer, echoed Jaber's comments.

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