According to the International Energy Agency‘s latest report, global oil demand is expected to reach an all-time high of 101.7 barrels per day, with China accounting for nearly half of that figure. The agency anticipates a slowdown in oil supply growth to only 1 million barrels per day. The CEO of Saudi Aramco, the largest oil company in the world responsible for producing 10% of the global crude oil supply, is concerned about the future of oil supplies and the record high global oil demand. The current market conditions including China’s economic slowdown and the aviation industry’s recovery from the … Continue reading Global Oil Demand to Reach Record High, CEO of Saudi Aramco Concerned About Future Supplies