Aramco Warns World’s Spare Oil Supplies Are Falling Rapidly
- It’s a ‘huge concern,’ CEO Nasser says in Riyadh interview
- Forecasts of supply shortages next year at odds with OPEC+
Photographer: Simon Dawson/Bloomberg
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Saudi Aramco said oil-output capacity across the world is dropping quickly and companies need to invest more in production.
It’s a “huge concern,” Chief Executive Officer Amin Nasser said in an interview in Riyadh, Saudi Arabia’s capital. “The spare capacity is shrinking.”