ABU DHABI, Nov 3 (Reuters) - Oil demand will remain

above 100 million barrels per day beyond 2040, UAE oil giant

ADNOC'S chief executive, Sultan Al Jaber, said on Monday while

flagging headwinds in the near term.

"Geopolitics continue to shape trade flows and news flows.

Complexity is constant, sentiment moves markets, and volatility,

in my view, is no longer a variable. It is the norm," he told

industry leaders at the opening of the ADIPEC energy conference.

The United Arab Emirates is one of eight OPEC+ countries

that agreed to increase December output targets but pause

increases in the first quarter of next year as the producers'

group moderates plans to regain market share due to rising fears

of a supply glut.

New Western sanctions on OPEC+ member Russia are adding to

challenges in the strategy, as Moscow may struggle to further

raise output after the U.S. and Britain imposed fresh measures

on top producers Rosneft and Lukoil.

Al Jaber said, however, that the long-term outlook shows

growth in energy demand, adding that cost discipline must be

balanced with capital investment.

"While we may face headwinds in the months ahead, the

long-term outlook shows demand growth for every form of energy

across every market," he said.

OPEC+ has granted the UAE a bigger production quota this

year after the country said the producer group was restricting

its output too much when it had invested heavily to expand

capacity to 4.85 million barrels per day from 3 million bpd.

UAE energy minister said in July that his country could

further boost its oil capacity after 2027 if that is what

markets require, implying the country had the potential to

become one of the world's five biggest producers.