Saudi Aramco warns of shrinking global spare oil production capacity as air travel recovers

Saudi Aramco warns of shrinking global spare oil production capacity as air travel recovers
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11.11.2021

MOSCOW (MRC) -- Spare production capacity has shrunk significantly due to underinvestment, the head of Saudi Aramco said Nov. 9, warning that the potential rebound in jet travel and continued power plant demand for liquid fuels could create a worryingly tight market in 2022, reported S&P Global."Unfortunately, there is not enough investment in the sector to increase supplies and maintain

Full article at mrcplast.com

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