Global energy giants gather in Abu Dhabi as Adipec prepares for record exhibition
Some of the world's biggest energy companies will converge on Abu Dhabi on Monday as Adipec prepares to stage what organisers say will be its largest exhibition yet, bringing together industry leaders, ministers and investors amid heightened concerns over energy security and global supply disruptions. The four-day event, running from November 2 to 5, is expected to feature a record 2,260…
The World Bank has forecasted a 23% increase in global commodity prices for 2026, driven by conflicts, supply disruptions, and weather-related risks. Energy prices are expected to rise by 32%, reversing a three-year trend, with Brent crude projected to average Ksh11,812 per barrel in 2026. Food commodity prices are anticipated to increase by 10% in 2026 and a further 7% in 2027.
Metal prices are forecast to rise 25% in 2026, with aluminium, copper, and tin expected to reach record levels due to demand from renewable energy, electric vehicles, and data centres, as well as supply disruptions.
Brief written by urgent.news from People Daily Kenya's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
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