Saudi Aramco CEO says global liquid fuel demand is expected to rise by around 2.4mln bpd by 2027; expansion of East-West pipeline is underway, energy markets are to face pressure this winter
ORIGINAL · NewsquawkSaudi Aramco CEO says global liquid fuel demand is expected to rise by around 2.4mln bpd by 2027; expansion of East-West pipeline is underway, energy markets are to face pressure this winterRead originalHide original
Global demand has proved to be more robust than many anticipated earlier, demand will come back stronger. China is increasing its crude oil purchases. Even with attacks on the East-West pipeline, and were able to bring back exports within days.
Aramco’s CEO cited resilient global demand and rising Chinese crude purchases; the report also describes pipeline expansion, recovery after attacks and expected winter market pressure.
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Global demand has proved to be more robust than many anticipated earlier, demand will come back stronger. China is increasing its crude oil purchases. Even with attacks on the East-West pipeline, and were able to bring back exports within days.
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