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Insufficient investment in the oil industry; natural gas’s role continues to grow; rapid integration of clean energy and the digital economy. Two international events held in the Middle East in November—the Abu Dhabi International Petroleum Exhibition (ADIPEC) and the Dubai Dii Desert Energy Leadership Summit—focused respectively on investment in traditional energy sources and the transition to new energy forms, reflecting the complexity of global energy transitions: the oil industry faces supply risks due to insufficient investment, while natural gas’s importance keeps increasing. Meanwhile, the integration of the digital economy and clean energy is becoming a new engine for growth in the Middle East, and the uncertainty associated with the shift from old to new energy sources will persist for a long time. As a major energy event, ADIPEC held numerous technical forums over four days, focusing on ten strategic areas. Sultan Al Jaber, Minister of Industry and Advanced Technology of the UAE and CEO of ADNOC Group, set the tone in his opening speech: “Set aside the noise and focus on the key trends.” Short-term uncertainty exists objectively, but long-term energy demand remains strong. ”Citing data, he noted that the scale of renewable energy will double by 2040, demand for liquefied natural gas (LNG) will increase by 50%, demand for aviation fuel will rise by more than 30%, daily oil demand will remain above 100 million barrels, and the use of oil in transportation fuels and industrial materials will continue to expand. At the same time, factors such as the surge in electricity demand in data centers and the accelerating pace of globalization will drive a significant increase in electricity demand; by 2040, there will be an additional 2 billion air conditioners worldwide, and the size of the aviation fleet will double. The investment gap in the energy sector became a key concern of the conference. Jaber emphasized the need to release the idle capital in existing energy infrastructure. The OPEC report titled \"World Oil Outlook 2025\" released at the meeting predicts that global energy demand will increase by 23% by 2050. Energy-intensive industries such as artificial intelligence will be key drivers of this growth; the daily oil demand is expected to reach 123 million barrels. Between 2025 and 2050, $18.2 trillion in investments will be required, with the majority of these funds going into upstream sectors. Energy leaders from various countries have warned that over the past 12 years, investment in the oil industry has been only half of what is needed; the increase in production capacity by 2026 will be limited, and insufficient long-term investment could lead to a shortage in oil supply. At the same time, the natural gas sector is undergoing a reshaping of its role. Lorenzo Simonelli, CEO of Baker Hughes, proposed that natural gas should shift from a \"transition fuel\" to a \"target fuel\". ****·Hamel, Secretary-General of the Forum of Natural Gas Exporting Countries, said that the additional production capacity over the next five years will put downward pressure on natural gas prices, but it will also stimulate demand growth in price-sensitive markets such as Asia, especially in the transportation and shipping sectors. A representative from Tokyo Gas in Japan noted that a new pattern of LNG trade in the Eurasian market has emerged, characterized by both competition and complementarity. The head of India’s GAIL Group predicts that as geopolitical tensions ease, India’s share of global LNG imports will double, rising from 5% to 6% of the total. The Dii Desert Energy Summit held in Dubai during the same period focused on the development of net-zero energy in the Middle East and North Africa. The International Energy Agency (IEA) predicts that global capacity for solar, wind, and hydroelectric power will double by 2030. Current investment in low-carbon energy sources is already twice that in fossil fuels, and this gap continues to widen. A report released at the conference stated that the Middle East, with its low-cost renewable energy sources, abundant land resources, and flexible policy environment, has the potential to become a key hub for \"sustainable data centers\". Projects such as Saudi Arabia’s NEOM Future City, Oman’s Salalah Free Zone, and Abu Dhabi’s US-Arab AI Park have already begun relevant initiatives. The goal is to achieve phased decarbonization of data centers by combining renewable energy with low-carbon hydrogen, thereby creating new advantages in the export of data center capacity.