Aramco Says Global Natural-Gas Crisis Is Boosting Oil Demand
- Crude consumption’s risen by 500,000 barrels a day, says CEO
- Some markets in Asia are switching to oil, says Amin Nasser
This article is for subscribers only.
Saudi Aramco said the natural-gas crisis was already boosting oil demand and reiterated plans to increase its output capacity.
Crude consumption’s risen by around 500,000 barrels a day, according to Amin Nasser, chief executive officer of the world’s biggest oil company. That’s more than the size of a production increase agreed by OPEC+ for next month.