Saudi Aramco President and CEO Amin Nasser

Saudi Aramco’s President and CEO Amin Nasser said the global demand for crude is expected to rise above 100 million barrels per day (bpd) in 2022, Bloomberg reported.

 

Spare capacity in the oil market will shrink significantly next year as travel rebounds, especially with the lack of investment among producers, Nasser said.

 

Surplus supplies are the equivalent of 3 million to 4 million bpd but will fall as demand for jet fuel increases, he added.

 

Diminishing spare capacity is made worse because very few oil companies are trying to raise their output capacity, Nasser said.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Join Us

Argaam.com Copyright © 2026, Argaam Investment, All Rights Reserved
Call Request