Demand for oil is nearing pre-COVID levels and producers globally are investing too little in supply, Saudi Aramco said.
“We are getting very close to pre-pandemic levels,” CEO Amin Nasser said Jan. 24 in Dhahran, where the world’s biggest oil company is based.
“We continue to see healthy demand in the future.”
Consumption of crude crashed from around 100 million barrels a day in early 2020 as the coronavirus pandemic spread, shutting down factories and triggering mass lockdowns.
