Global oil demand is set to grow by 1.1 million barrels per day (bpd) this year to a new record high, according to the world’s single largest crude exporter, Saudi oil giant Aramco. The rise in demand will be chiefly thanks to increased use of oil in the transportation and petrochemical sectors, Saudi Aramco’s president and chief executive officer Amin Nasser said on the 2025 earnings call on Tuesday. OPEC’s monthly report for February points to 1.4 million bpd growth expected for 2026, but the cartel may…
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