Aramco CEO Sees Global Liquids Demand Rising in 2027
Amin Nasser expects global liquids demand to grow by about 2.4 million barrels a day next year as Aramco studies export options.
Key takeaways
- Amin Nasser said global liquids demand is expected to rise about 2.4 million barrels a day in 2027.
- He put China's seaborne crude imports at about 11 million to 11.3 million barrels a day.
Saudi Aramco CEO Amin Nasser said global liquids demand is expected to increase by about 2.4 million barrels a day in 2027. He said demand has been stronger than many had expected.
Nasser said China had returned as a major crude buyer, with seaborne imports at about 11 million to 11.3 million barrels a day.
Aramco is studying alternative export routes and overseas capacity options, including a possible expansion of its East-West pipeline. Preliminary engineering work on the pipeline expansion is under way, Nasser said.
He added that the company was ready to raise production quickly if needed. Following attacks on the pipeline, Aramco resumed exports within days by using Gulf export terminals and ship-to-ship transfers, he said.
This article was produced with the help of AI technology. Based on reporting by the outlets listed above.
