Aramco CEO says notion of peak oil demand driven by policies, not markets

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.