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ICYMI: Saudi Aramco CEO said oil production spare capacity is extremely low

ICYMI: Saudi Aramco CEO said oil production spare capacity is extremely low

Saudi Aramco is the largest oil producer in the world. CEO Amin Nasser might be accused of talking his book, or he might be right (or both!)

“Today there is spare capacity that is extremely low,”

  • “If China opens up, [the] economy starts improving or the aviation industry starts asking for more jet fuel, you will erode this spare capacity.”

Nasser warns that oil prices could quickly spike — again.

“When you erode that spare capacity the world should be worr... Read More

Posted: Dec 20 2022, 04:20
Author Name: forexlive
Views: 111593

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