Saudi Aramco CEO says there is no adequate investment in the oil sector

  • Regulators, policymakers need to support more investment in the sector
  • Otherwise, we will face major problems
  • There is no adequate investment in the sector
  • Today’s investment is not adequate to sustain global demand in short to medium-term
  • Close to reaching pre-pandemic level in terms of supply
  • Sees pick up in demand in the rest of the world
  • Spare capacity today is very low and it is declining fast
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