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27-06-2023, 04:15 PM
PUBLISHED MON, JUN 26 202311:48 PM EDT
Lee Ying Shan
KUALA LUMPUR, Malaysia — Saudi Arabia’s state-owned oil giant Aramco is bullish on oil markets for the rest of 2023 as demand from major importers China and India is expected to be strong despite an expected global downturn.
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It echoes the International Energy Agency’s prediction that global oil demand is on track to rise by 2.4 million barrels per day in 2023, outpacing the previous year’s 2.3 million barrel per day increase. The agency noted in their June report that China accounts for 60% of the gains.
https://www.cnbc.com/2023/06/27/saudi-ar...rkets.html
Lee Ying Shan
KUALA LUMPUR, Malaysia — Saudi Arabia’s state-owned oil giant Aramco is bullish on oil markets for the rest of 2023 as demand from major importers China and India is expected to be strong despite an expected global downturn.
......
It echoes the International Energy Agency’s prediction that global oil demand is on track to rise by 2.4 million barrels per day in 2023, outpacing the previous year’s 2.3 million barrel per day increase. The agency noted in their June report that China accounts for 60% of the gains.
https://www.cnbc.com/2023/06/27/saudi-ar...rkets.html
