Aramco CEO warns of global oil crunch due to lack of investment ...Middle East

The world is facing a major oil supply crunch as most companies are afraid to invest in the sector as they face green energy pressures, the head of Saudi Aramco told Reuters, adding it cannot expand production capacity any faster than promised. Amin Nasser, head of the world's largest oil producer, said on Monday he was sticking to the target of expanding capacity to 13 million barrels per day from the current 12 million by 2027, despite calls to do it faster.

Hence then, the article about aramco ceo warns of global oil crunch due to lack of investment was published today ( Monday 23/05/2022 - 09:08 PM ) and is available on Devdiscourse ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Aramco CEO warns of global oil crunch due to lack of investment )

Also on site :

• Miranda Devine: Hunter Biden’s latest debacle shows that he can’t stay out of the ‘lamelight’
• Forging Ahead: Reshaping India's Steel Sector for Sustainability and Growth
• Maha Jathara: A Triumph of Tribal Spirit Celebrating Sammakka-Saralamma