Saudi Aramco CEO sees strong oil demand amid sanctions on Russian firms

Oil demand strong before Russia sanctions, says Aramco CEO

Amin Nasser talking at FII Sanctions on Lukoil and Rosneft ‘Hydrocarbons still important’ The CEO of Saudi state oil giant Aramco has said crude oil demand was strong even before sanctions were imposed on major Russian oil firms Rosneft and Lukoil, and that Chinese demand was still healthy. “Right now we have to wait and see what will happen with the sanctions,” Amin Nasser said on Tuesday at the Future Investment Initiative conference when aske…

Saudi Aramco CEO sees strong oil demand amid sanctions on Russian firms

(Investing)- Saudi Aramco CEO Amin Nasser stated Tuesday that global oil demand remains strong, even before the recent sanctions on Russian firms Rosneft and Lukoil. “Demand is strong even before these sanctions on Rosneft and Lukoil,” Nasser said, adding that “China demand is still healthy.” The CEO projected oil demand growth for next year at 1.1-1.4 million barrels per day, with 80% of this growth coming from the Global South, where “affordabi

Aramco CEO says oil demand strong, market watching Russia sanctions

Nasser maintained oil and gas would continue to play a significant part in the energy mix for decades to come