Oil demand expected to reach pre-pandemic levels

DHAHRAN: Aramco’s CEO is optimistic about oil demand growth next year, despite fears over the new Covid-19 variant omicron, Arab News reported.

The oil demand will be over 100 million barrels/day in 2022, reaching the pre-Covid-19 levels, Amin Nasser told Arab News during a media briefing at the company’s headquarters.

On the Covid-19’s new strain, he said: “The markets overreacted,” adding that the impact of omicron on the demand cannot be measured without a full medical assessment.

Nasser’s remarks came during a ceremony in Dhahran to kickoff the development of the unconventional gas field Jafurah.

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