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  • 07-03-21

    Saudi Aramco to respond to rush in global oil demand

    (MENAFN)A report from Bank of America Merrill Lynch showed that Saudi Aramco is set to apply to a rush in global oil demand.

    The bank further stated that “At maximum sustainable capacity of 12 million barrels per day (bpd) and proven ability to produce even more, Aramco is one of the few companies globally that can substantially boost output without committing additional capex,” adding that “We believe that Aramco is uniquely positioned in the global oil world to meet potential resurgence of oil demand.

    The market put a strong revival until now the current year with a figure of banks increasing prices expects for the full year.

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