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

Oil Holds Steady as Markets Assess Renewed US-Iran Hostilities

ADNOC Looks to Canada for Upstream and LNG Growth Through XRG

Oil Slips as Oman Reports Normal Operations at Key Oil Terminal

Aramco Picks McDermott for Energy Projects in Saudi Arabia

Indonesia Targets Higher Oil and Gas Output in 2027

BP Launches Gas Production at Azerbaijan’s Giant ACG Field

Planned Strike at Inpex’s Ichthys LNG Facility Called Off as Talks Continue

Wood Secures Subsea Design Scope on QatarEnergy’s Bul Hanine Redevelopment

UAE Speeds Up Pipeline Project to Help Bypass Hormuz

ADNOC Drilling Posts Record First-Quarter Results with 5% Revenue Rise

Current News

EnQuest to Buy Malaysia Offshore Interests in $833M Deal

Oil Holds Steady as Markets Assess Renewed US-Iran Hostilities

ADNOC Looks to Canada for Upstream and LNG Growth Through XRG

Petronas Signs 20-Year LNG Supply Deal with Japan's JERA

Oil Prices Slide as Israel-Iran Suspend Strikes

Ichthys LNG Strike Intensifies as Union Talks with Inpex Collapse

Oil Shoots Over $4 as Israel Expands Strikes Against Iran and Lebanon

Eni and Petronas Launch Southeast Asia Gas Joint Venture Searah

Oil Slips as Oman Reports Normal Operations at Key Oil Terminal

Petronas Signs Offshore Oil Recovery Collaboration Deal

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