Aramco CEO Sees Significant Oil Demand Growth

Tuesday, October 24, 2023

Saudi oil giant Aramco's Chief Executive Amin Nasser said on Tuesday he saw significant demand growth for oil, citing a possible resurgence in the Chinese economy and an aviation sector that remains below pre-pandemic levels. 

He said a one-size-fits-all energy transition was not acceptable as it must take into account the economic maturity of different countries. 

(Reuters - Reporting by Nadine Awadalla in Dubai and Pesha Magid in Riyadh Writing by Yousef Saba/Editing by Mark Potter)

Categories: Energy People Middle East Industry News Activity Production People & Company News

Related Stories

Hormuz Crossings Decline as US Renews Iran Blockade

Hormuz Standoff Risks Chronic Instability for Gulf Oil Flows

Ruwais LNG Commitments Top 90% Capacity with New INPEX Deal

Saudi Arabia Eyes Oil Pipeline Expansion to Red Sea

Israel Steps Up Mediterranean Gas Search

Walking Into the Future: ADNOC Drilling Unveils First AI-Powered Island Rig

Oman Opens Alternative Hormuz Lanes as Shipping Recovery Continues

ASCO Sets Up Shop in Qatar to Drive Middle East Expansion

Explosion at Qatar's Ras Laffan LNG Hub Injures 54, Leaves 18 Missing

Aramco Explores Asset Sales in Multi-Billion Dollar Fundraising Push

Current News

Velesto Frees Up Drilling Rig After Early Contract Termination off Indonesia

Jadestone Energy Lifts Malaysia Production with Second Online Well

Searah Malaysia Starts Upstream Oil and Gas Operations

Inpex Starts Construction of Indonesia's Abadi LNG Project

Hormuz Crossings Decline as US Renews Iran Blockade

Oil Rises 2% as Middle East Hostilities Escalate

Sunda Energy Applies for Exploration Permit Offshore New Zealand

Unity Enters Asia-Pacific Market with Malaysia P&A Work

Oil Surges to Four-Week High as US-Iran Trade Blows

Velesto Terminates NAGA 3 Jack-Up Rig Sale to Indonesian Firm

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com