Aramco CEO says notion of peak oil demand driven by policies, not markets https://ift.tt/5rQbWtz CEO of Aramco, Amin Nasser, has challenged forecasts of peak oil demand, stating that the current energy transition narrative is based on unrealistic assumptions. He argues that talk of peak oil demand is driven by policies rather than market forces. Nasser expects oil demand to reach approximately 110 million barrels per day by 2030, emphasizing the importance of investing in oil and gas to ensure global energy security and a smooth transition to cleaner energy sources.
Government's cash surplus tops Rs 3.4 lakh crore https://ift.tt/54P3HSG from the deceleration in government spending, higher direct tax collections and a likely sharp rise in issuances of Treasury Bills by the Centre in FY24 were factors pushing up the government's cash balances, analysts said. The flow of government cash balances to and from the banking system is a key factor that influences liquidity conditions.
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