World Economic Forum
Aramco Sees Oil Demand Picking Up on China, Aviation Rebound
- Saudi firm is ‘very optimistic’ about China, says CEO Nasser
- Nasser warns that spare capacity in the oil market is too low
Demand for jet fuel is around 1 million barrels a day below pre-pandemic levels.
Photographer: Kristian Bocsi/BloombergThis article is for subscribers only.
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The world’s biggest oil company is confident consumption will grow strongly this year as China reopens its economy and the aviation market recovers.