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  • 09-11-21

    Demand for global crude to surpass 100 million next year

    (MENAFN) Based on Saudi Aramco President Amin Nasser to Bloomberg, Global crude is predicted to increase to more than 100 million bpd in the upcoming year.

    Talking at the Nikkei Global Management Forum, Nasser stated the need for oil and gas is going remain strong for 10 years.

    He stated that Global reserve oil volumes are between 3 million to 4 million bpd at the moment.
    Nasser also showed that Aramco is taking into consideration signing deals to sell blue hydrogen to Japan and South Korea.

    According to sources, the combined technical committee of OPEC + decreased its anticipations for the development of global oil need this year to 5.7 million bpd from 5.8 million, amidst the ongoing solid recovery of consumption since its downfall last year.

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