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

United Arab Emirates Exits OPEC and OPEC+

Strike Threat Grows at Ichthys LNG after Workers Reject Deal

Saipem Bags $400M in Offshore Contracts from Aramco in Saudi Arabia

Philippines Seeks US Extension to Buy Russian Oil

China Calls for De-Escalation as US Threatens Hormuz Blockade

UK Declines to Support US Hormuz Blockade, PM Starmer Says

Israel Orders Restart of Ops at Karish Offshore Gas Platform

France Leads 15-Country Effort to Reopen Strait of Hormuz

Energy Crisis from War on Iran Deeper Than Widely Assumed

Oil Holds Steady as Supply Risks from War Persist

Current News

United Arab Emirates Exits OPEC and OPEC+

Technology as Enabler of Energy Security in Offshore Asia

Saipem Poised for Middle East Repair Work After Iran War

Middle East Conflict Jolts Offshore Drilling Market

Bureau Veritas Expands Offshore Services with New Asia Hub

Valeura Charters Shelf Drilling’s Jack-Up Rig for Gulf of Thailand Ops

Oil Prices Jump as Ships Come Under Fire in Strait of Hormuz

US-Israel War on Iran Creates Biggest Energy Crisis in History

Jadestone Secures Gas Sales Deal for Fields Offshore Vietnam

Oil Flows to Lag Even if Hormuz Strait Reopens

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