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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Economic expectations of an increase in oil demand by 2023.. What about the "risks" of recession?

    Rocky
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    Economic expectations of an increase in oil demand by 2023.. What about the "risks" of recession? Empty Economic expectations of an increase in oil demand by 2023.. What about the "risks" of recession?

    Post by Rocky Mon 26 Jun 2023, 4:19 am

    [size=35][size=35]Economic expectations of an increase in oil demand by 2023.. What about the "risks" of recession?[/size]
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    Economy

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    2023-06-26 | 01:14
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    Alsumaria News - Economy

    Amin Nasser, CEO of the giant Saudi oil company Aramco, confirmed today, Monday, that the fundamentals of the global oil market are expected to remain strong for the rest of the current year, supported by strong demand from developing countries, especially China and India.


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    "Overall, we believe that the fundamentals of the oil market will remain strong for the rest of the year," he added during the [url=https://www.alsumaria.tv/Entity/3027273250/%D9%85%D8%A4%D8%AA%D9%85%D8%B1 %D8%A2%D8%B3%D9%8A%D8%A7 %D9%84%D9%84%D8%B7%D8%A7%D9%82%D8%A9/ar/]Asia Energy Conference[/url].

    He continued, "Despite the risks of recession in many [You must be registered and logged in to see this link.] countries, the economies of developing countries, especially [You must be registered and logged in to see this link.] and [You must be registered and logged in to see this link.], are leading to strong growth in oil demand by more than two million barrels per day this year."



    He added that although [You must be registered and logged in to see this link.] is facing economic hurdles, the transportation and petrochemical sectors are still showing indications of demand growth.

    Brent crude futures have fallen about 14 percent since the beginning of the year as higher interest rates undermined investor appetite, while [You must be registered and logged in to see this link.]'s promising economic recovery faltered after several months of weaker-than-expected consumption, production and property market data.

    In the same context, [url=https://www.alsumaria.tv/Entity/2872304938/%D9%87%D9%8A%D8%AB%D9%85 %D8%A7%D9%84%D8%BA%D9%8A%D8%AB/ar/]Haitham Al-Ghaith[/url], Secretary-General of the Organization of the Petroleum Exporting Countries ([You must be registered and logged in to see this link.]), said today, Monday, that [You must be registered and logged in to see this link.] expects an increase in global demand for oil to 110 million barrels per day by 2045, an increase of 23 percent over current levels.
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