Saudi Aramco Warns the World on Low Oil Capacity

 


Original Content- Business Upside 

Saudi Aramco warns that the international market for oil remains tight. According to the world’s largest oil producer, the capacity is deficient, which is not a good sign as we rely mainly on fossil fuels.

Amin Nasser, the CEO of Saudi Aramco, said at a London conference that if a situation like economic improvement or the increase in the fuel demand by the aviation industry, the spare capacity will be eroded. Oil prices can increase soon, added Nasser.

Nasser thinks there is enough reason for the world to worry if the spare capacity is eroded. There would be no hiccup or interruption then, stated the CEO of Saudi Aramco.

Keeping the situation in view, here are the oil stocks you can track.

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