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

First Oil Flows from Vietsovpetro's Platform Offshore Vietnam

Iran Brings South Pars Gas Platform Fire Under Control

Oil Prices Slide as Trump Signals Pause in Iran Strikes

Aramco’s Building in Riyadh Damaged by Houthi Attack

ADES Lands New Offshore Drilling Rig Deals in Angola and Indonesia

Big Oil Pockets Near-Record Profits but Spending Restraint Signals Long-Term Doubts

QatarEnergy Signs Supply Deal for LNG from Woodside's Louisiana Project

Iran Set to Keep Hormuz Shut Until Seven Demands Are Met

Qatar-Linked LNG Tankers Resume Hormuz Transits

South Korea Aims to Cut Middle East Crude Dependence to 50% by 2035

Current News

Oil Heads for Weekly Decline Despite Middle East Supply Threats

Inpex Raises Profit Forecast on Strong Ichthys LNG Production

Singapore Seeks LNG Floating Storage Operators to Expand Bunkering Ops

CNOOC Makes Ultra-Deep Gas Discovery in China's Bohai Sea

First Oil Flows from Vietsovpetro's Platform Offshore Vietnam

Iran Brings South Pars Gas Platform Fire Under Control

Oil Prices Slide as Trump Signals Pause in Iran Strikes

Murphy Oil Secures Six Offshore Israel Licenses Near Leviathan Gas Field

VAALCO Advances Côte d'Ivoire Offshore Exploration Ahead of 2028 Drilling

Aramco’s Building in Riyadh Damaged by Houthi Attack

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