Home / Market Update / Commodities / The CEO of Saudi Aramco Expects a Strong Rise in Oil Demand in The Future
OPEC

The CEO of Saudi Aramco Expects a Strong Rise in Oil Demand in The Future

Amin Al-Nasser, CEO of Saudi Aramco, said today, Monday, that the giant national company is optimistic about the oil market and expects a strong recovery in demand.

“We are very optimistic about future oil demand,” he said.

He added that Aramco was undertaking engineering work to increase production capacity to 13 million barrels per day.

Check Also

Oil Prices Reach Three-Week High Amid Rising China Imports and U.S. Sanctions on Russia

Oil prices rose on Monday, hitting their highest levels in three weeks as investors focused …