Saudi Aramco CEO: Oil Market Reserves Still Sufficient
Saudi Aramco CEO Amin Al-Nasser said reserves in the oil markets are still large and sufficient, despite the recent voluntary production cuts undertaken by Saudi Arabia.
Positive Signs of Continued Growth in Global Demand
Al-Nasser said in statements following the disclosure of Aramco’s quarterly results that there are positive signs of continued growth in global demand and growing activity in the aviation sector.
China’s Demand Higher Than Expected
Al Nasser added that demand from China is higher than expected and that it will continue to grow and support the market recovery, stressing the importance of increased investment to protect energy security.
