Saudi Aramco: The Oil Market Is Ignoring Supply Fundamentals

OilPrice.com | Oct 4, 2022 at 8:46 AM
  • In September, Aramco’s CEO warned the markets that policymakers need to look beyond this winter and stop vilifying the oil and gas industry if they want to prevent the next energy crisis.
  • At the London forum today, he reiterated his view that underinvestment would come back to haunt the markets.
  • Short-cycle projects are coming on – not long-term projects that will anchor and sustain production.