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Home World Middle East

Saudi Aramco CEO predicts 1.6-2M bpd oil demand rise after sharp price fall

7 August 2024
in Middle East
Saudi Aramco CEO predicts 1.6-2M bpd oil demand rise after sharp price fall
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Saudi Aramco CEO forecasts a 1.6-2 million barrels per day increase in oil demand following a significant price drop. This prediction comes amidst global efforts to combat climate change and transition to renewable energy sources. The rise in demand is expected to support the recovery of the oil industry after a challenging period.

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Tags: 1.62MAramcobpdCEODemandfalloilpredictspriceriseSaudisharp
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