Aramco CEO Sees Strong Oil Demand Amid OPEC+ Output Revival

Aramco CEO Sees Strong Oil Demand Amid OPEC+ Output Revival

Global oil demand will hit a record this year as Asian countries, particularly China and India, continue to expand consumption, said the head of the world’s biggest oil producer Saudi Aramco.

Aramco slashes blue ammonia output to reduce costs

Ammonia scaled down by 80% High costs and project delays Lower market demand Saudi Aramco has scaled down its low carbon ammonia production target by 80 percent because of high costs and low demand. The company has adjusted its production objective from 11 million tonnes per annum (mpta) by 2030 to 2.5 mpta, it has said. The new target is still subject to the availability of commercially viable long-term offtake projects, Amin Nasser, Aramco CEO…

Aramco CEO Sees Strong Oil Demand Amid OPEC+ Output Revival - Energy News, Top Headlines, Commentaries, Features & Events

Global oil demand will hit a record this year, driven by consumption in Asian countries, particularly China and India. Summary by Bloomberg AI Oil use is set to rise by 1.3 million barrels a day this year to just over 106 million a day, driven by petrochemicals and jet fuel. Summary by Bloomberg AI The ...

Aramco CEO predicts record oil demand will follow OPEC+ output revival – Oil & Gas 360

(World Oil) –  Global oil demand will hit a record this year as Asian countries, particularly China and India, continue to expand consumption, said the head of the world’s biggest oil producer Saudi Aramco. Oil use is set to rise by 1.3 million barrels a day (bpd) this year to just over 106 million bpd, helped for petrochemicals and jet fuel, Chief Executive Officer Amin Nasser said on an earnings call Tuesday. That’s slightly higher than the 1.0