Saudi Aramco: The Oil Market Is Ignoring Supply Fundamentals ...Middle East

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Saudi Aramco: The Oil Market Is Ignoring Supply Fundamentals
source : OILPRICE ( Middle East ) () 41
The oil market is ignoring the fact that spare oil production capacity is very low right now, Saudi Aramco’s chief executive Amin Nasser said on Tuesday.       “[The market] is focusing on what will happen to demand if recession happens in different parts of the world, they are not focusing on supply fundamentals,” the top executive at the world’s largest oil firm and single largest crude oil exporter, said at the Energy Intelligence Forum in London today. During an event last month, Nasser said…

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