Aramco CEO: We're seeing strong oil demand from developing countries, Asia and the U.S.
Youtubeยท2025-11-04 17:16
We strongly believe that the demand fundamental is uh healthy and strong. We are seeing a demand growth of about 1.1% to 1.3% million barrels per day this year. Almost the same next year in 2026.It's a record year for oil, gas, and even coal. When you look at the 5-year average, it's at the lowest end of the 5-year average in terms of physical barrels storage available on the market. So it tells you that demand is real and it is strong.It is not reflected in terms of over supply or glut otherwise you will s ...