Crude prices have soared following the extension of output cuts by top OPEC+ producers Saudi Arabia and Russia Global oil demand will remain resilient despite a recent voluntary production cut by Saudi Arabia and economic headwinds facing major crude consumer China, according to Saudi Aramco’s chief executive, Amin Nasser. Speaking to reporters on a media call on Monday, Nasser predicted that Chinese oil demand will continue to grow. “There is still a lot of mileage for China and the economy (to pick) up,” the executive was quoted as saying by Reuters. Nasser added that the aviation sector was at 85% compared to
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