Commodities and Futures News

Aramco CEO says investment in oil and gas not enough to meet demand

2022.11.11 05:42

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© Reuters. FILE PHOTO: Amin H. Nasser, President & Chief Executive Officer Saudi Aramco, speaks during the CERAWeek energy conference in Houston, Texas, U.S. March 8, 2022. REUTERS/Daniel Kramer/File Photo

SHARM EL-SHEIKH, Egypt (Reuters) – Saudi Aramco (TADAWUL:) chief Amin Nasser said on Friday he was concerned there was not enough investment in the oil and gas sector to meet global demand in the long term.

Nasser said there has been a pick up in global demand since COVID lockdowns eased.

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