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Saudi Aramco Says Oil Demand’s Nearing Pre-Pandemic Levels

  • ‘We are very optimistic’ about market, says CEO Amin Nasser
  • Asset monetization plans to continue regardless of oil price
The Khurais Processing Department in the Khurais oil field in Khurais, Saudi Arabia

The Khurais Processing Department in the Khurais oil field in Khurais, Saudi Arabia

Photographer: Maya Sidiqqui/Bloomberg

Saudi Aramco said demand for oil is nearing pre-Covid levels and reiterated that producers globally are investing too little in supply.

“We are getting very close to pre-pandemic levels,” Chief Executive Officer Amin Nasser told reporters on Monday in Dhahran, where the world’s biggest oil company is based. “We continue to see healthy demand in the future.”